1.

Record Nr.

UNINA9910818081203321

Autore

Vroey Michel de.

Titolo

Involuntary unemployment : the elusive quest for a theory / / Michel De Vroey

Pubbl/distr/stampa

London ; ; New York : , : Routledge, , 2004

ISBN

1-134-89400-7

1-134-89401-5

0-429-23460-0

0-203-68712-4

1-280-09536-9

0-203-64550-2

Descrizione fisica

1 online resource (315 p.)

Collana

Routledge frontiers of political economy ; ; 33

Disciplina

331.13701

Soggetti

Unemployment

Employment (Economic theory)

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Book Cover; Title; Contents; List of figures; List of tables; Acknowledgements; Introduction; Conceptual prerequisites; Defining involuntary unemployment; From labour rationing to (involuntary) unemployment; Trade organisation; Involuntary unemployment in Keynes' The General Theory; Keynes' programme: A reconstruction; Involuntary unemployment in Keynes' The General Theory; IS-LM macroeconomics; Hicks' 'Mr Keynes and the ""Classics""'; IS-LM la Modigliani; Lange, Leontief, Tobin, Klein and Hansen; Involuntary unemployment in macroeconomic textbooks

Reconstructing Keynesian economics: The disequilibrium approachThe forerunners: Patinkin, Clower, Leijonhufvud; The second generation: Barro and Grossman, Drze, Benassy and Malinvaud; The anti-Keynesian offensive; Friedman; Lucas; The New Keynesian counter-attack; Implicit contract theory; Efficiency wage theory; Insider-Outsider theory; Coordination failure models; Imperfectly competitive general equilibrium models; Epilogue; Notes; Bibliography; Index

Sommario/riassunto

The Great Depression of the 1930s with its dramatic unemployment



rates was one of the most striking economic events of the past century. It shook economists' beliefs in the existence of self-adjusting forces and prompted Keynes to write his masterwork, The General Theory of Employment, Interest and Money. Involuntary unemployment was the central concept of Keynes' book. However, after having been considered the sine qua non of economics for decades, it has gradually disappeared from textbooks and research. This book recounts and ponders this demise, asking whether the abandonment of