The paper investigates Champernowne's 1936 attempt to sort out the debate between Pigou (The theory of unemployment …. Macmillan, London, 1933) and Keynes (The general theory of employment, interest and money. Macmillan, London, 1936) about … employment determination. Champernowne agreed with Keynes that workers can only bargain for a money-wage, but argued that, to the …

This paper shows that Pigou’s theory of unemployment, contrary to what Keynes thought, does not assume states of full … labour market supply factors. Indeed, Pigou’s «classical theory» assigns a significant role to aggregate demand in the … determination of mass unemployment, although Pigou was very cautious as regards the feasibility of demand policies as a means for …

, the obliteration of industrial economics by game theory, Pigou's treatment of the legal background to his exposition of …

This note examines A. C. Pigou's views on the practical issue of high unemployment in the 1920s. In his Industrial … Fluctuations, Pigou emphasized that the monetary aspect of business cycles was much more important to fluctuations in unemployment … attributed to the failure of money wage adjustment. I argue that, on balance, Pigou attached greater importance to monetary …

This study utilises the distinction between ophelimity and utility to contrast Pareto's and Pigou's divergent …