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Unemployment and inflation are important determinants of short-run material welfare, whereas productivity growth is an important determinant of long-run material well-being.
Alexis De Tocqueville
A French political thinker and historian best known for his works "Democracy in America," in which he analyzed the improved living standards and social conditions of individuals, as well as the influence of the democratic way of life.
Alexis De Tocqueville
A French political thinker and historian best known for his works "Democracy in America," exploring American society, politics, and culture.
Emile Durkheim
A founding figure in sociology, who focused on the ways societies could maintain their integrity and coherence in modernity, renown for his theory on social facts.
Emile Durkheim
A French sociologist, one of the founding figures of sociology, known for his studies on social structure and integration.
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