T Regular White First Cabernet shirt Tee Frswave Print 1PW8Wn T Regular White First Cabernet shirt Tee Frswave Print 1PW8Wn T Regular White First Cabernet shirt Tee Frswave Print 1PW8Wn T Regular White First Cabernet shirt Tee Frswave Print 1PW8Wn T Regular White First Cabernet shirt Tee Frswave Print 1PW8Wn

Material & care

Outer fabric material: 50% polyester, 50% cotton

Fabric: Jersey

Care instructions: Machine wash at 40°C, do not tumble dry

Details

Sport: Training

Neckline: Crew neck

Sheer: Semi-sheer

Pattern: Print

Article number: FIK42D007-A11

Sustainability

Oeko-Tex Standard 100

A quality seal awarded based on testing for harmful substances at all stages of the manufacturing process. In many cases, test criteria and limits for different product components (e.g., buttons, zippers, linings) go beyond applicable national and international standards.
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Staff Reports
White Frswave Tee shirt Regular T Print Cabernet First The Paradox of Toil
February 2010 Number 433
Revised March 2010
JEL classification: E52, E62

Author: Gauti Eggertsson

This paper proposes a new paradox: the paradox of toil. Suppose everyone wakes up one day and decides they want to work more. What happens to aggregate employment? This paper shows that, under certain conditions, aggregate employment falls; that is, there is less work in the aggregate because everyone wants to work more. The conditions for the paradox to apply are that the short-term nominal interest rate is zero and there are deflationary pressures and output contraction, much as during the Great Depression in the United States and, perhaps, the 2008 financial crisis in large parts of the world. The paradox of toil is tightly connected to the Keynesian idea of the paradox of thrift. Both are examples of a fallacy of composition.

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