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marriage allowance (H2)<br />The additional tax relief given to married people to enable a spouse to be more easily supported; also known as marriage deduction.<br /><em>See also:</em> income-splitting system
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employment (DO, J2)<br />The engagement of a factor of production in a productive activity with the result that it receives a factor income. Employment gives people wages or salaries, and rewards capital with interest or profits. Increased LABOUR FORCE PARTICIPATION makes more persons available for employment; economic growth makes possible actual employment growth. Even in advanced economics with an employed labour force static in size, technological change effects many sectoral shifts in the composition of employment.
consumer society (D1, PO)<br />A society which devotes a high proportion of its income to luxury goods and undertakes JittJe saving. Only MARKET ECONOMIES have been prosperous enough to choose this !ifesty!e.<br /><em>See also:</em> conspicuous consumption
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Dobb, Maurice Herbert, 1900-76 (B3) UK Marxist economist, educated at Cambridge and the London School of Economics, and a fellow of Trinity College, Cambridge, from 1924 to 1967 and Reader in Economics from 1959. Throughout his academic career his Communist Party ideological stance informed his views and his writings. As a defender of Soviet-style economic planning, he participated in major debates with MISES and HAYEK. His analysis of capitalism defended the Marxian interpretation of economic history, provoking a long-running controversy amongst Marxists. He had a deep interest in the history of economic thought, collaborating with SRAFFA in the editing of RICARDo's works and suggesting that economic theory descended from QUESNAY through RICARDO and MARX to LEONTIEF and SRAFFA. Current policy issues also concerned him: he was able to make use of a Ricardo-Marx two-sector model to make policy recommendations for less developed econom1es.<br /><em>Reference</em><br />Dobb, M.H. (1946) Studies in the Development of Capitalism, London: Routledge.<br /> - (1966) Soviet Economic Development since 1917, London: Routledge.<br /> - (1978) 'Maurice Dobb Memorial Issue', Cambridge Journal of Economics 2: 2.
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