On Keynes on inflation and unemployment
Joan O'Connell
The European Journal of the History of Economic Thought, 2016, vol. 23, issue 1, 82-101
Abstract:
Keynes tends to be represented as someone who thought that alleviating unemployment was more important than any other consideration. Interestingly it seems that this was not always the case; he did not recommend employment creation under all conditions of excess labour supply. The great inflation of World War I and its aftermath left an indelible impression on him, and this mitigated his position on the importance of high levels of employment. In 1920 he recommended that inflation in the UK be controlled even if some unemployment would result, and there is at least some hint in his work that the relative importance to him of inflation and unemployment did not vary much over the remainder of his life.
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
http://hdl.handle.net/10.1080/09672567.2013.824998 (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:taf:eujhet:v:23:y:2016:i:1:p:82-101
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/REJH20
DOI: 10.1080/09672567.2013.824998
Access Statistics for this article
The European Journal of the History of Economic Thought is currently edited by José Luís Cardoso
More articles in The European Journal of the History of Economic Thought from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().