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Capital and Employment

Editor

Listed:
  • Eatwell, John

Author

Listed:
  • Milgate, Murray

Abstract

Studies in Political Economy: Capital and Employment: A Study of Keynes's Economics focuses on the inquiry into Keynesian economics, particularly the relationship of capital and employment. The publication first underscores the contemporary position of 'Keynesian' economics, traditional long-period method of economic analysis, and theoretical systems and the long-period method. Discussions focus on the structure of classical economic theory, structure of marginalist economic theory, and the traditional long-period method of economic analysis. The text then ponders on the analysis of deviations from long-period positions, principle of effective demand, and the theory of capital and theory of employment. Topics include Keynes on the 'classical' theory of interest, capital and employment, inflexibility of money-wages, long-period theory of output and employment, and principle of effective demand. The book takes a look at the theoretical system of the treatise versus the general theory and the method of analysis in the treatise and the general theory, including the conceptual framework of the treatise on money and general theory and the natural rate of interest and level of employment. The publication is a valuable reference for economists and researchers interested in the relationship of capital and employment.

Suggested Citation

  • Milgate, Murray, 1983. "Capital and Employment," Elsevier Monographs, Elsevier, edition 1, number 9780124962507 edited by Eatwell, John.
    • Handle: RePEc:eee:monogr:9780124962507
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    Citations

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    Cited by:

    1. Edward Nell, 1984. "Structure and Behavior in Classical and Neo-Classical Theory," Eastern Economic Journal, Eastern Economic Association, vol. 10(2), pages 139-155, Apr-Jun.
    2. Jochen Hartwig, 2006. "Explaining the aggregate price level with Keynes's principle of effective demand," Review of Social Economy, Taylor & Francis Journals, vol. 64(4), pages 469-492.
    3. Edward W. Fuller, 2020. "Alchian on Keynes," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(4), pages 503-511, December.
    4. Roy H. Grieve, 2012. "Keynes, Sraffa and the Emergence of the General Theory," Review of Political Economy, Taylor & Francis Journals, vol. 24(1), pages 51-67, January.
    5. Christian Gehrke, 2003. "On the Transition from Long-period to Short-period Equilibria," Review of Political Economy, Taylor & Francis Journals, vol. 15(1), pages 85-106.
    6. Giuseppe Fontana & Bill Gerrard, 2006. "The future of Post Keynesian economics," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 59(236), pages 49-80.
    7. Claudio Sardoni, 2011. "Unemployment, Recession and Effective Demand," Books, Edward Elgar Publishing, number 13837.
    8. Fabio Petri, 2006. "General Equilibrium Theory and Professor Blaug," Department of Economics University of Siena 486, Department of Economics, University of Siena.
    9. Edward J. McKenna & Diane C. Zannoni, 1990. "The Relation between the Rate of Interest and Investment in Post-Keynesian and Neo-Ricardian Analysis," Eastern Economic Journal, Eastern Economic Association, vol. 16(2), pages 133-143, Apr-Jun.
    10. Jochen Hartwig, 2007. "Keynes vs. the Post Keynesians on the Principle of Effective Demand," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 14(4), pages 725-739.
    11. Peter Docherty, 2011. "Keynes's Analysis of Economic Crises and Monetary Policy in the General Theory : Its Relevance after 75 Years," Review of Political Economy, Taylor & Francis Journals, vol. 23(4), pages 521-535, October.
    12. Jochen Hartwig, 2004. "Keynes versus the Post Keynesians on the Principle of Effective Demand," KOF Working papers 04-88, KOF Swiss Economic Institute, ETH Zurich.
    13. Peter Docherty, 2012. "Keynes’s General Theory, the Quantity Theory of Money and Monetary Policy," Chapters, in: Thomas Cate (ed.), Keynes’s General Theory, chapter 6, Edward Elgar Publishing.
    14. Peter Docherty, 2021. "A Short Period Sraffa-Keynes Model for the Evaluation of Monetary Policy," Working Paper Series 2021/01, Economics Discipline Group, UTS Business School, University of Technology, Sydney.
    15. Gontijo, Cláudio, 2000. "On the Criticism to the Classical Method," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 54(1), January.

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