Unemployment as seen by the Keynesians

Richard F. Kahn

Chapter Chapter 11 in Richard F. Kahn, 2022, pp 225-239 from Palgrave Macmillan

Abstract: Abstract Kahn revisits—in this chapter published in 1976—the notions of unemployment and full employment as elaborated by Keynes between the 1930s and the early 1940s in the context of his contacts with Cambridge economists (Pigou, Robertson, Robinson) and British policy circles. Kahn’s contends that the development of Keynes’s thinking on the distinction between voluntary and involuntary unemployment, as presented in the General Theory, is not matched by any parallel development of his method of arriving at full employment targets in terms of actual levels of unemployment. Kahn also addresses Keynes’s evolving views on the problem of quantifying unemployment targets.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-3-030-98588-2_11

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DOI: 10.1007/978-3-030-98588-2_11

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