Principles underlying classical–Keynesian employment and distribution policies

Heinrich Bortis

Chapter 9 in A Modern Guide to State Intervention, 2019, pp 191-208 from Edward Elgar Publishing

Abstract: Bortis discusses the principles underlying neoclassical and classical-Keynesian analyses, and singles out two important employment mechanisms which are inherent in the latter: the internal and the external employment mechanisms. The external mechanism is then used to analyse the presently existing situation at a global level, which is conflict-ridden, leads to growing inequalities, and stands in contradiction with the internal employment mechanism. In contradistinction, on the basis of the internal employment mechanism, sensible distribution and employment policy principles along classical-Keynesian lines may be formulated. However, to implement these principles successfully requires a new world economic and financial order grounded on Keynes’s Bancor.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781789905076/9781789905076.00018.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

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:elg:eechap:19170_9

Ordering information: This item can be ordered from
http://www.e-elgar.com
sales@e-elgar.co.uk

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla (darrel@e-elgar.co.uk).