Keynes and Economic Development

Anthony Thirlwall

Chapter 7 in Essays on Keynesian and Kaldorian Economics, 2015, pp 178-191 from Palgrave Macmillan

Abstract: Abstract Keynes was not a development economist as the description is used today. He did not address directly issues of national or international poverty and income distribution; only indirectly through his focus on unemployment which has always been, and remains, a major cause of poverty in both developed and developing countries. It is no accident that the one billion workers identified by the International Labour Organisation (ILO) in Geneva as unemployed and underemployed matches almost exactly the one billion people measured by the World Bank as living in extreme poverty on less than $1 a day. They are more or less the same people.

Keywords: Commodity Price; Financial Liberalisation; Saving Ratio; Plan Saving; Keynesian Economic (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-1-137-40948-5_8

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DOI: 10.1057/9781137409485_8

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