`s taxonomy of types of unemployment, Champernowne and Robinson introduced, respectively, the concepts of `monetary employment …` and `monetary unemployment`, and of `critical levels` of employment … argument of the book. They rejected, albeit for different reasons, Keynes`s notion of the point of full employment as an upper …

"buffer stock" employment to workers displaced from private employment, then full employment can be maintained over the course … of the business cycle. Kalecki was sceptical about the prospects for maintaining full employment in capitalist economies … employment. We argue that in and of themselves, JG/ELR schemes do not create the fundamental institutional change required to …