Involuntary Unemployment*

A. G. Hines
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A. G. Hines: Birkbeck College London

Chapter 6 in Unemployment in Western Countries, 1980, pp 141-172 from Palgrave Macmillan

Abstract: Abstract The characterisation of involuntary unemployment is of importance both for economic theory and policy. It is important for theory in as much as it delineates that unemployment which is attributable to the malfunctioning of the economic system and not to the voluntary decisions of individual workers.

Keywords: Real Wage; Aggregate Demand; Good Market; Excess Supply; Money Wage (search for similar items in EconPapers)
Date: 1980
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-16407-3_6

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DOI: 10.1007/978-1-349-16407-3_6

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