ALERT: This system is being upgraded on Tuesday December 12. It will not be available
for use for several hours that day while the upgrade is in progress. Deposits to DukeSpace
will be disabled on Monday December 11, so no new items are to be added to the repository
while the upgrade is in progress. Everything should be back to normal by the end of
day, December 12.
Relative Wages, Rationality, and Involuntary Unemployment in Keynes's Labor Market
Abstract
The reputation of John Maynard Keynes’s General Theory of Employment, Interest, and
Money as a badly written book is often exaggerated. But if it is deserved at all,
it is because of parts such as chapter 2, “The Postulates of the Classical Economy.”
Half a century of exegesis and interpretation have yet to provide a satisfactory and
widely accepted version of what this chapter really means. Reactions to chapter 2
fall into four main strands.
Type
Journal articleSubject
interwar macroeconomicsinvestment fluctuations
macroeconomics
postwar monetary economics
world war II
Permalink
https://hdl.handle.net/10161/2558Collections
More Info
Show full item recordScholars@Duke
Kevin Douglas Hoover
Professor of Economics
Professor Hoover's research interests include macroeconomics, monetary economics,
the history of economics, and the philosophy and methodology of empirical economics.
His recent work in economics has focused on the application of causal search methodologies
for structural vector autoregression, the history of microfoundational programs in
macroeconomics, and Roy Harrod's early work on dynamic macroeconomics. In philosophy,
he has concentrated on issues related to causality, especially in economi
Articles written by Duke faculty are made available through the campus open access policy. For more information see: Duke Open Access Policy
Rights for Collection: Scholarly Articles
Works are deposited here by their authors, and represent their research and opinions, not that of Duke University. Some materials and descriptions may include offensive content. More info