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Title variants
Mechanism of Full Employment in A. C. Pigou's Approach — Analysis of Concept and Trends in its Critique
Languages of publication
Abstracts
The article deals with analysis of one of important aspects in the neo-classic employment theory concerning conditions and mechanisms of full employment in the economy. The analysis is based on works of a leading representative of neo-classicism Arthur Cecil Pigou. The author underlined evolution of Pigou's views on the problem in question influenced by Keynes „revolution", which is expressed in the concept of mechanism of full employment — known as „Pigou's effect" — put forward by A. C. Pigou. Performing a critical analysis of Pigou's theory, the author focusses his attention on four main trends in the critique, and namely: 1) in the part of J. M. Keynes, 2) from the point of the theory of general equilibrium, 3) „Pigou's effect critique", 4) critique of microeconomic foundation of the employment mechanism.
Keywords
Year
Volume
Physical description
Dates
published
1986
Contributors
References
Document Type
Publication order reference
Identifiers
URI
http://hdl.handle.net/11089/6425
YADDA identifier
bwmeta1.element.hdl_11089_6425
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