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J. B. Say on Unemployment and Public Works

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  • William J. Baumol

    (Starr Center for Applied Economics, New York University
    Princeton University)

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    Abstract

    Part of a Symposium entitled, "Say's Law Revisited," this note is dedicated to showing that both Say's and Ricardo's concerns about unemployment were deeper than even the Kates article (in this symposium) suggests, that this concern even led Say to advocate a clear Keynesian remedy for unemployment: public works. Correspondingly, the paper shows that Ricardo's disquiet about joblessness constitutes a good part of his reversal on the role of machinery (i.e., innovation) that so distressed his adherents.

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    File URL: http://college.holycross.edu/RePEc/eej/Archive/Volume23/V23N2P219_230.pdf
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    Bibliographic Info

    Article provided by Eastern Economic Association in its journal Eastern Economic Journal.

    Volume (Year): 23 (1997)
    Issue (Month): 2 (Spring)
    Pages: 219-230

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    Handle: RePEc:eej:eeconj:v:23:y:1997:i:2:p:219-230

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    Web page: http://www.ramapo.edu/eea/journal.html
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    Related research

    Keywords: Unemployment;

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    Cited by:
    1. Vahabi, Mehrdad, 2003. "La contrainte budgétaire lâche et la théorie économique
      [Soft Budget Constraint and Economic Theory]
      ," MPRA Paper 17651, University Library of Munich, Germany.

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