Takami, Norikazu - Graduate School of Economics, Osaka University - 2009
This paper examines the unemployment controversy between J. M. Keynes and A. C. Pigou, mainly from the latter …'s viewpoint. In this controversy, although he eventually conceded de- feat, Pigou attempted to prove that money wage cuts were … Industrial Fluctuations (1927). The \Pigou effect" devised later in 1943 could be considered as theorization of forced anti …