Involuntary Unemployment

by Michel de Vroey

Overview

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 co

Product Details

ISBN-13:	9781134894000
Publisher:	Taylor & Francis
Publication date:	07/01/2004
Series:	Routledge Frontiers of Political Economy
Sold by:	Barnes & Noble
Format:	eBook
Pages:	320
File size:	2 MB

About the Author

Michel De Vroey is Professor of Economics at the Université catholique de Louvain (Belgium). His main research interest is the history of macroeconomics. He has held visiting positions at the Université de Paris, Panthéon-Sorbonne, Duke University and the Université de Montréal. He has published articles in Economics and Philosophy, The Cambridge Journal of Economics and in the main history of economic thought journals.

Table of Contents

1. IntroductionPart One: Conceptual Prerequisites2. Defining Involuntary Unemployment3. From Labour Rationing to (Involuntary) Unemployment4. Trade OrganisationPart Two: Involuntary Unemployment in Keynes' General Theory5. Keynes' Programme. A Reconstruction6. Involuntary Unemployment in Keynes' General TheoryPart Three: IS-LM Macroeconomics7. Hicks <>8. IS-LM à la Modigliani9. Lange, Leontief, Tobin, Klein and Hansen10. Involuntary Unemployment in Macroeconomic TextbooksPart Four: Reconstructing Keynesian Economics: the Disequilibrium Approach11. The Forerunners: Patinkin, Clower, Leijonhufvud12. The Second Generation: Barro and Grossman, Dréze, Benassy and MalinvaudPart Five: The Anti-Keynesian Offensive13. Friedman14. Lucas Part Six: The New Keynesian Counter-Attack15. Implicit Contract Theory16. Efficiency Wages Models17. Insiders-Outsiders Theory18. Coordination Failure Models19. Imperfectly Competitive General Equilibrium Model20. Epilogue

Editorial Reviews

'Involuntary Unemployment will to the teacher constitute a valuable text in any course on theories of unemployment. To the historian of ideas, it displays a stimulating disregard for the clichés of intellectual (pseudo) history. To the general economist, it makes for a sprightly performance, full of position and thought'. - William Coleman, Australian National University, Economic Record

From the Publisher