This computational power is provided by the idle resources of all participants, and is shared in a way that makes those who contribute more get more when they need.
12.
Unemployment and idle resources are, for Keynes, caused by a lack of effective demand; for Hayek, they stem from a previous, unsustainable episode of easy money and artificially low interest rates.
13.
During the reconstruction period after the Korean War, there were opportunities for extensive economic growth attainable through the communist regime's ability to marshall idle resources and labor and to impose a low rate of consumption.
14.
The book advocated activist economic policy by government to stimulate demand in times of high unemployment, for example by spending on public works . " Let us be up and doing, using our idle resources to increase our wealth, " he wrote in 1928 . " With men and plants unemployed, it is ridiculous to say that we cannot afford these new developments.
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