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J. B. Say on Unemployment and Public Works

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Author Info
William J. Baumol (Starr Center for Applied Economics, New York University)
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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Publisher Info
Article provided by Palgrave Macmillan Journals in its journal Eastern Economic Journal.

Volume (Year): 23 (1997)
Issue (Month): 2 (Spring)
Pages: 219-230
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Handle: RePEc:pal:easeco:v:23:y:1997:i:2:p:219-230

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Related research
Keywords: Unemployment

Find related papers by JEL classification:
B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution

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This page was last updated on 2008-9-6.

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