English, Article edition: The role of uncertainty in the unemployment theory of Keynes Nicolas PILUSO

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  • article
Language
  • English

Edition details

Title
  • The role of uncertainty in the unemployment theory of Keynes
Author
  • Nicolas PILUSO
Physical Description
  • article
Notes
  • This paper aims at analysing the role of uncertainty in Keynes theory of involuntary unemployment. This concept has no role in the model of Keynes resulting from the neoclassic synthesis: a result of unvoluntary unemployment equilibrium is obtained as to the violation of Walras law. Section 1 shows the gap between Keynes analysis of unemployment and Glustoff's model. It concerns the question of wage flexibility. Section 2 tries to underline that uncertainty has actually a role in the relationship between wage and employment.
  • RePEc:cpo:journl:y:2007:i:52:p:105-114
Language
  • English
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