Purpose – The purpose of this paper is to expand and further pursue the quest on value transfer in trade. The reason is that the assessment of the cause, the source and the mechanism of value transfer in trade may reveal the rationale upon which the observed and long-lasting differences in...

Purpose – Unemployment is a systemic element of economic development which need not and “normally” does not give rise to full employment of labour regardless of the flexibility in labour markets. This paper aims to address these issues. Design/methodology/approach – The paper presents...

Purpose – This paper aims to contribute to the open, theoretical debate upon the effects of technical change on the production and labor process. Design/methodology/approach – The “optimistic” approach, which connects the compensation mechanisms and human capital theory, is compared to...

Purpose – Unemployment is a systemic element of economic development which need not and “normally” does not give rise to full employment of labour regardless of the flexibility in labour markets. This paper aims to address these issues. Design/methodology/approach – The paper presents...

Purpose – This paper aims to contribute to the open, theoretical debate upon the effects of technical change on the production and labor process. Design/methodology/approach – The “optimistic” approach, which connects the compensation mechanisms and human capital theory, is compared to...