General Theory of Employment, Interest and Money. Post-1936 economic history has given the multiplier theory mixed reviews …

unemployment", compared to the keynesian project of a general theory which would marginalize the classical cases. This neo … [mally adopted a theory of structural unemployment with classical properties. …

Keynes contents in General Theory that the monetary market logic of the aggregate real wage in the monetary production … money wage rate through the bargains of the firms and the workers as a market-theoretical stability condition of the … economic system. Accordingly, (iii) the money wage claims of labour (in conformity with changes of the average labour …

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 …

) demonstrating the existence of involuntary unemployment; 2) demonstrating that wage rigidity can be exonerated as its cause; 3 …This paper addresses the issue of why Keynesian economists have had such a hard time in giving the concept of … involuntary unemployment a place in economic theory. Is the gradual demise of this concept a manifestation of some inner defect in …