The Demand for Labour: A Post Keynesian Appraisal
| dc.contributor.author | Túñez, Narciso | |
| dc.date.accessioned | 2023-06-19T14:58:13Z | |
| dc.date.available | 2023-06-19T14:58:13Z | |
| dc.date.issued | 2014 | |
| dc.description.abstract | This paper is concerned with ambiguities in the Post Keynesian model regarding the nature of the functions involved in the determination of the demand for labour. Those ambiguities have led to misleading representations of Keynes’s theories regarding the demand for labour and to conceptually travesty effective demand schedules. These controversial concepts will be analysed in reference to Keynes’ original reflections. Furthermore, this paper offers a different analysis from those of Allain (2009), Hartwig (2011), Hayes (2013), Lavoie (1992) and Chick (1983), but also from the Weintraub (1956) and Davidson’s (1994) Z and AD theoretical framework. | |
| dc.description.department | Depto. de Economía Aplicada, Estructura e Historia | |
| dc.description.faculty | Fac. de Ciencias Económicas y Empresariales | |
| dc.description.refereed | TRUE | |
| dc.description.status | pub | |
| dc.eprint.id | https://eprints.ucm.es/id/eprint/34894 | |
| dc.identifier.doi | 10.5209/rev_IJHE.2014.v1.n2.47729 | |
| dc.identifier.issn | 2386-5768 | |
| dc.identifier.officialurl | http://revistas.ucm.es/index.php/IJHE | |
| dc.identifier.relatedurl | http://revistas.ucm.es/index.php/IJHE | |
| dc.identifier.uri | https://hdl.handle.net/20.500.14352/34991 | |
| dc.issue.number | 2 | |
| dc.journal.title | Iberian Journal of the History of Economic Thought | |
| dc.language.iso | eng | |
| dc.page.final | 50 | |
| dc.page.initial | 38 | |
| dc.publisher | Universidad Complutense de Madrid | |
| dc.rights.accessRights | open access | |
| dc.subject.jel | E12 | |
| dc.subject.keyword | Post Keynesian Economics | |
| dc.subject.keyword | Demand for labour | |
| dc.subject.keyword | Aggregate supply and demand | |
| dc.subject.keyword | Effective demand. | |
| dc.subject.ucm | Historia económica | |
| dc.subject.ucm | Teorías económicas | |
| dc.subject.unesco | 5506.06 Historia de la Economía | |
| dc.subject.unesco | 5307 Teoría Económica | |
| dc.title | The Demand for Labour: A Post Keynesian Appraisal | |
| dc.type | journal article | |
| dc.volume.number | 1 | |
| dcterms.references | Allain, Olivier. 2009. Effective Demand and Short-term Adjustments in the General Theory, Review of Political Economy 21(1), pp. 1-22. Blue Book. 2009. Correction Notice United Kingdom National Accounts. Office for National Statistics. Buchanan, James McGill. 1996. Minimum Wage Addendum, Wall Street Journal, pp. 04-25. Chick, Victoria. 1983. Macroeconomics after Keynes. Oxford, Philip Allan. Davidson, Paul. 1983. The marginal product curve is not the demand curve for labour and Lucas’ labour supply function is not the supply curve for labour in the real world, Journal of Post Keynesian Economics VI(1). Davidson, Paul. 2003-2004. Setting the record straight on A History of Post Keynesian Economics, Journal of Post Keynesian Economics 26 (2), pp. 245-272. Freeman, Christopher. 1998. Schumpeter’s Business Cycles Revisited. Viterbo, Fondazione Carivit, Universita della Tuscia. Hartwig, Jochen. 2009. D and Z in ROPE- Will the Real Keynes Stand Up? KOF Working Papers. Kalecki, Michael. 1971. Selected Essays in the Dynamics of the Capitalist Economy. Cambridge University Press. Keynes, John Maynard. 1936. The General Theory of Employment, Interest and Money. http://www.marxists.org/reference/subject/economics/keynes/general-theory. Keynes, John Maynard. 1939. Relative Movements of Real Wages and Output, The Economic Journal 49 (193), pp. 34-51. Keynes, John Maynard. 1936. Letter to Robertson published in 1973. The General Theory and after, Part II: Defence and Development. XIV of Collected Writings of John Maynard Keynes. London, Macmilan. Malthus, Robert Thomas. 1836. Principles of Political Economy. http://oll.libertyfund.org/index.php?option=com_staticxt&staticfile=show.php%3Ftitle=2188&Itemid=28. Minsky. Hyman Philip. 1975. John Maynard Keynes. McGraw Hill, Columbia University Press. Lavoie, Marc. 1992. Foundations of Post-Keynesian Economics Analysis. Edward Elgar. Palacio Vera, Alfonso. 2009. Capital Accumulation, Technical Progress and Labour Supply Growth: Keynes’s Approach to Aggregate Supply and Demand Analysis Revisited, Review of Political Economy 21 (1), pp. 23-49. Patinkin, Don. 1965. Money, Interest and Prices-An integration of Monetary and Value theory. Jointly published by Harper & Row and John Weatherhill. 2nd edition. Weintraub, Sidney. 1956. A Macroeconomic Approach to the Theory of Wage, American Economic Review December 46, pp. 835-856. Weintraub, Sidney. 1958. An Approach to the theory of Income Distribution. Connecticut, Greenwood press. Westport. | |
| dspace.entity.type | Publication |
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