J. B. Say on Unemployment and Public Works

William Baumol

Eastern Economic Journal, 1997, vol. 23, issue 2, 219-230

Abstract: Part of a Symposium entitled, "Say's Law Revisited," this note is dedicated to showing that both Say's and Ricardo's concerns about unemployment were deeper than even the Kates article (in this symposium) suggests, that this concern even led Say to advocate a clear Keynesian remedy for unemployment: public works. Correspondingly, the paper shows that Ricardo's disquiet about joblessness constitutes a good part of his reversal on the role of machinery (i.e., innovation) that so distressed his adherents.

Keywords: Unemployment (search for similar items in EconPapers)
JEL-codes: B12 B22 E24 E32 (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:23:y:1997:i:2:p:219-230

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