The ‘Classical’ theory of Full Employment

J. Harvey and M. Johnson
Additional contact information
J. Harvey: University of Reading
M. Johnson: Hatfield Polytechnic

Chapter 3 in Introduction to Macro-Economics: A Workbook, 1973, pp 19-21 from Palgrave Macmillan

Abstract: Abstract In putting forward his ‘General Theory’ in 1936, Keynes referred to the ideas of the ‘Classical’ economists, i.e. those economists from Adam Smith (whose Wealth of Nations was published in 1776) down to A. C. Pigou (a Cambridge economist who died in 1959) who believed that market forces, operating through the competitive price system, could be relied upon to eliminate unemployment.

Keywords: Labour Supply; Classical System; Consumption Expenditure; Full Employment; Classical Economist (search for similar items in EconPapers)
Date: 1973
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-349-01871-0_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349018710

DOI: 10.1007/978-1-349-01871-0_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().