Involuntary Unemployment by James Anthony Trevithick

Involuntary Unemployment by James Anthony Trevithick

Suggestions for economic cures for inflation and unemployment differ widely. For example, the controversy that followed the publication of Keynes' General Theory in 1936 was considerable, but not as widely divergent as economic theories are at the present time. How are students to make sense of such a wide diversity of opinion? The author, in considering the answer to this question, states that any answer can only be understood in an historical context and sets out the ways in which dissatisfaction with, for example, Keynes' income-expenditure model's supposed neglect of inflation led to monetarism and how, in turn, suspicions about monetarism being tainted with Keynesian features gave rise to the new classical macroeconomics. Beginning with David Hume in the 18th century, the author describes how ideas rose and fell and developed from each other until the situation of today vis a vis economic theory is seen to be - at least - a logical result of previous thinking. In the final portion of the book, the author draws attention to the distinction between classical and Keynesian unemployment theory, emphasizing that a new category of general unemployment, resulting from excessively high real wages, should be taken into account. He also deals with the recent development of hysteresis - a concept which tries to grapple with the reasons behind the apparent changes in the equilibrium of unemployment.

SKU	Nicht verfügbar
ISBN 13	9780745000565
ISBN 10	0745000568
Titel	Involuntary Unemployment
Autor	James Anthony Trevithick
Buchzustand	Nicht verfügbar
Bindungsart	Paperback
Verlag	Pearson Education Limited
Erscheinungsjahr	1992-04-01
Seitenanzahl	208
Hinweis auf dem Einband	Die Abbildung des Buches dient nur Illustrationszwecken, die tatsächliche Bindung, das Cover und die Auflage können sich davon unterscheiden.