Growth and Employment: A survey on the Demand Side of the Labour Market

Mg. Ladu ()

Working Paper CRENoS from Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia

Abstract: Until recently, the neoclassical growth theory and the neoclassical labour market theory have independently evolved over time without communicating to each other. The neoclassical growth theory (Solow, 1956), born after the second world war, assumes full employment. On the other hand, the unemployment theory (Friedman, 1968) turned the attention to the problem of inflation, ignoring that one of growth. In this paper I present recent contributions suggesting that such a sharp division may be unjustified from a theoretical viewpoint.

Keywords: growth; embodied and disembodied technological change; employment (search for similar items in EconPapers)
JEL-codes: E24 J64 O40 (search for similar items in EconPapers)
Date: 2005
New Economics Papers: this item is included in nep-dev and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:cns:cnscwp:200507

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