ABSTRACT
The natural unemployment is all the unemployment which equilibrium economics cannot account for because its sources impinge upon the neoclassical system from outside. Like Pontius Pilatus, neoclassical economics washes the curse of unemployment from its hands, creating the impression that mankind was on earth to serve the economy and not economic science to serve the needs of man. Economists educated in the neoclassical mechanistic paradigm are ill equipped to ask questions about the organic long-term dynamic process of our complex economic life. Collective hazards, such as nuclear disaster, water and air pollution and the prospect of long-term mass unemployment, are seen as forces which originate outside the economic system whose control is assigned to the pragmatic, "exogenous", intervention of the state. Postulating that long-term massive unemployment or the proliferation of crime originate outside the "proper" economic system, they relegate the one to the progress of technology, trade union power, population accretion, or the legacy of the Welfare State.
