PEN-L
mailing list archive
[ Other Periods  | Other mailing lists  | Search  ]
Date:  [ Previous  | Next  ]      Thread:  [ Previous  | Next  ]      Index:  [ Author  | Date  | Thread  ]

Re: The Long-Term Problem of Full Employment (was German real wages in the Depression)

> 
> THE LONG-TERM PROBLEM OF FULL EMPLOYMENT
> J.M. Keynes (May 1943)
> 
> 1. It seems to be agreed to-day that the maintenance
> of a satisfactory level of employment depends on
> keeping total expenditure (consumption plus
> investment) at the optimum figure, namely that which
> generates a volume of incomes corresponding to what is
> earned by all sections of the community when
> employment is at the desired level.

what are the assumptions of Keynes' "model" that he uses to predict an
excess of saving and to derive his policy recommendations? is he
following Alvin Hansen's version of stagnationism?
-- 
Jim Devine
"Segui il tuo corso, e lascia dir le genti." (Go your own way and let
people talk.) -- Karl, paraphrasing Dante.
[ Other Periods  | Other mailing lists  | Search  ]