by smteixeirapoit In 1962, economist Arthur Okun stated that when the economy expands, employment rises at a predictable rate and when the economy contracts, employment declines at a similar rate. Recently, Lawrence Summers, Director of President Barack Obama’s National Economic Council, commented that “Okun’s Law” may be incorrect. In the United States, employment rates decreased faster than Okun’s law predicted. Although Okun’s law suggested that the unemployment rate should be around 8.5 percent, it is around 10.0 percent. A recent...
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Energy colonialism and the role of the global in local responses to new energy infrastructures in the UK
Video abstract for the paper by Susana Batel and Patrick Devine-Wright (University of Exeter) Read the paper here.