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Full Employment
(231 words)

[German Version]

prevails, from the perspective of economics, whenever everyone fit for work who seeks a job for which he or she is qualified at the customary market wage finds a position. Full employment, in this sense, means the absence of involuntary unemploy-ment. Because economic conditions change continuously and work forces exchange jobs and come anew to the labor market, and because matches take time, there is always a certain degree of (frictional) unemployment. This unemployment can be reconciled with full employment.

In practical economic policy, there is no legal de…

Cite this page
Cansier, Dieter, “Full Employment”, in: Religion Past and Present. Consulted online on 18 May 2021 <http://dx.doi.org/10.1163/1877-5888_rpp_SIM_125381>
First published online: 2011
First print edition: ISBN: 9789004146662, 2006-2013



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