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Flutuações, Emprego e Tradição Clássica em Pigou


  • Rogério Arthmar



This paper assesses Pigou’s theories of industrial fluctuations and employment according to the canons of the economic orthodoxy prevailing in the 1920’s and 1930’s. Firstly, we review the conceptions about the commercial cycle advanced during the inter-war years and their inner connections with the classical tradition. After that, we investigate how the original pigovian viewpoint on industrial fluctuations evolves towards a theory of aggregate employment, with special attention to the role played by expectations, the demand for labor and the public expenditure. At the same time, the classical roots of Pigou’s approach are examined in order to confront it, in the end, with Keynes’ critique.

Suggested Citation

  • Rogério Arthmar, 2005. "Flutuações, Emprego e Tradição Clássica em Pigou," Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 6(2), pages 357-390.
  • Handle: RePEc:anp:econom:v:6:y:2005:i:2:p:357-390

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    Tradição Clássica; Ciclos Econômicos; Emprego;

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles


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