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I have also a vague memory of him noting that it also destroys the productivity of that labor.

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by A swedish kind of death on Thu Nov 3rd, 2011 at 04:41:58 PM EST
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I do recall from somewhere that leaving labor unemployed sufficiently long will do that. Could well be from the General Theory.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Nov 3rd, 2011 at 10:29:50 PM EST
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Hysteresis is a solidly mainstream concept.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Fri Nov 4th, 2011 at 10:41:22 AM EST
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Of course, physical hysteresis works in the opposite manner ~ leave the metal unstressed, and it maintains its strength, subject it to repeated stress and strain, it weakens.

Our employment is more akin to physical fitness ~ leaving workers unstressed reduces our immediate capacity for work, if we are put to work and subjected to the regular stresses and strains of working, our immediate capacity for work increases.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Fri Nov 4th, 2011 at 01:29:23 PM EST
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