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Unemployment and the Market Mechanism

John Eatwell and Murray Milgate

in The Fall and Rise of Keynesian Economics

Published in print:
2011
Published Online:
April 2015
ISBN:
9780199777693
eISBN:
9780190261344
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199777693.003.0012
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter analyzes the level of unemployment in a market economy and classifies the debates of the orthodox market-mechanism group with imperfectionists on the problem of unemployment. It begins ... More


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