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The paper investigates Champernowne's 1936 attempt to sort out the debate between Pigou (The theory of unemployment. Macmillan, London, 1933) and Keynes (The general theory of employment, interest and money. Macmillan, London, 1936) about employment determination. Champernowne agreed with Keynes...
Persistent link: https://www.econbiz.de/10012199563
The paper investigates Champernowne's 1936 attempt to sort out the debate between Pigou (1933) and Keynes (1936) about employment determination. Champernowne agreed with Keynes that workers can only bargain for a money-wage, but argued that, to the extent that workers' (adaptive) price...
Persistent link: https://www.econbiz.de/10011760014
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This essay analyses early reactions put forward by Cambridge economists David Champernowne and Joan Robinson to J. M. Keynes`s treatment of the labour market in The General Theory. Champernowne`s and Robinson`s critical reactions represented attempts to fill the gap of the determinants of...
Persistent link: https://www.econbiz.de/10012761551
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Don Patinkin regarded himself a Keynesian economist, in the sense that he did not believe that the automatic market mechanism of price change efficiently leads the economy to its full-employment path. In his 1956 Money, Interest and Prices Patinkin advanced an interpretation of Keynesian...
Persistent link: https://www.econbiz.de/10014192572
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The paper offers a view of Geoff Harcourt’s – b. 1931 in Melbourne; d. 2021 in Sydney – life trajectory as an Australian economist educated and active in the Cambridge UK tradition. His main contributions – to the Cambridge capital debates, history of economic thought and post-Keynesian...
Persistent link: https://www.econbiz.de/10013207020