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 …

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 that workers can only bargain for a money-wage, but argued that, to the …

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 …

This paper puts John Maynard Keynes’ "The General Theory of Employment, Interest and Money" into its historical context … background to the General Theory, looks at the influence of other economists of the period on the evolution of Keynes’ thought … were debating issues very similar to the ones with which Keynes was wrestling. …

offer formulae for the Keynesian multiplier which depend on this degree of substitution. We also show that there is a Pigou …

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 …

The Pigou effect was conceived to counter Keynes's argument that a competitive economy could remain in the state of … high unemployment. Before he introduced this idea, Pigou had debated with Keynes the same question of whether an economy … has the tendency to recover full employment. He lost in this controversy. A few years later came Pigou's renewed attempt …