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Que reste-t-il de la théorie du chômage de Keynes?

Listed author(s):
  • Erhel, Christine

    (Université Paris I)

  • Zajdela, Hélène

    (Université d’Evry)

During the development of the so-called Keynesian macroeconomics, Keynes’ unemployment theory has lost much of its meaning. This process has first led to a confusion between “involuntary” and “Keynesian” unemployment; then it has put voluntary unemployment back in the debates. Through OECD reports recommendations, we show the emergence of a consensus about the nature and causes of unemployment, which can be linked to the evolution of Keynesian macroeconomics, from IS-LM to WS-PS model. More recently, the neoclassical labour supply theory has been playing an increasing role in unemployment analysis. La théorie du chômage élaborée par Keynes a perdu de sa substance, au cours du développement d’une macroéconomie qui s’est autoqualifiée de keynésienne. Ce processus a abouti dans un premier temps à séparer le chômage involontaire du chômage keynésien, puis à réintroduire le chômage volontaire. À partir des préconisations des rapports officiels de l’OCDE, nous montrons l’émergence d’un consensus. L’analyse de l’évolution des théories « keynésiennes » du chômage de IS-LM jusqu’à WS-PS conduit au constat d’un renouveau du concept de taux de chômage naturel. Plus récemment, l’accent sur les risques de désincitation à l’activité marque la réapparition du second postulat de l’économie classique.

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Article provided by Société Canadienne de Science Economique in its journal L'Actualité économique.

Volume (Year): 79 (2003)
Issue (Month): 1 (Mars-Juin)
Pages: 163-177

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Handle: RePEc:ris:actuec:v:79:y:2003:i:1:p:163-177
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  1. Richard Rogerson, 1997. "Theory Ahead of Language in the Economics of Unemployment," Journal of Economic Perspectives, American Economic Association, vol. 11(1), pages 73-92, Winter.
  2. Mortensen, Dale T, 1989. " The Persistence and Indeterminancy of Unemployment in Search Equilibrium," Scandinavian Journal of Economics, Wiley Blackwell, vol. 91(2), pages 347-370.
  3. Barro, Robert J & Grossman, Herschel I, 1971. "A General Disequilibrium Model of Income and Employment," American Economic Review, American Economic Association, vol. 61(1), pages 82-93, March.
  4. Weitzman, Martin L, 1985. "The Simple Macroeconomics of Profit Sharing," American Economic Review, American Economic Association, vol. 75(5), pages 937-953, December.
  5. Layard, Richard & Nickell, Stephen & Jackman, Richard, 2005. "Unemployment: Macroeconomic Performance and the Labour Market," OUP Catalogue, Oxford University Press, number 9780199279173.
  6. Robert G. King, 2000. "The new IS-LM model : language, logic, and limits," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 45-103.
  7. Layard, Richard & Nickell, Stephen, 1986. "Unemployment in Britain," Economica, London School of Economics and Political Science, vol. 53(210(S)), pages 121-169, Supplemen.
  8. Michel De Vroey, 1997. "Involuntary unemployment: the missing piece in Keynes's General Theory," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 4(2), pages 258-283.
  9. Blanchard, Olivier Jean & Kiyotaki, Nobuhiro, 1987. "Monopolistic Competition and the Effects of Aggregate Demand," American Economic Review, American Economic Association, vol. 77(4), pages 647-666, September.
  10. Jean-Pascal Benassy, 1975. "Neo-Keynesian Disequilibrium Theory in a Monetary Economy," Review of Economic Studies, Oxford University Press, vol. 42(4), pages 503-523.
  11. Christine Erhel & Jérôme Gautié & Bernard Gazier, 1999. "Qu'a-t-on appris sur le lien salaire/ emploi grâce aux débats sur les politiques de l'emploi ?," Cahiers d'Économie Politique, Programme National Persée, vol. 34(1), pages 257-287.
  12. Oliver Jean Blanchard & Peter Diamond, 1989. "The Beveridge Curve," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 20(1), pages 1-76.
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