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 …

discontinuity, the conceptual structures of Marshall's and Keynes' conceptions of the determinants of investment are analysed and …

The present paper argues that Keynes's theory of aggregate employment assumes perfect competition (understood as price … capital-goods. The degree of competition, to which Keynes makes a single cryptic reference, refers to the social and … institutional obstacles to the free movement of resources, associated mainly with closed shops of entrepreneurs and workers. Keynes …

College. Moreover, the relationship with his fellow economists in Cambridge, in particular Keynes, Kahn, Kaldor and Joan …

Keynes's work on India before the First World War concentrated on analysis of the gold exchange standard and the … Keynes's first job as an applied economist. Although neglected by Keynesian scholarship, this learning by doing experience is …

Some authors pointed to a realist orientation in Keynes's thought. However, since 'realism' is a wide and sometimes … equivocal term, one may ask what kind of realism Keynes's realism is. This paper argues that Keynes held to an ontological … Keynes's thought, the meaning and evolution of which is explained. …

and employment. Second, he rejected Keynes's liquidity preference and maintained that only in an 'extreme case' might it … be said that Keynes's theory of the rate of interest is valid. Although he correctly identified the gist of Keynes …