Artikel
Employment Determination with Variable Productivity
A macroeconomic model can depict employment only if it includes an account of the organisation of production. Keynes and many Keynesian writers have retained a neoclassical view of production, with fixed, technically efficient production functions; such a view is restrictive and neglects the social aspects of organising production. The present paper sets up a simple post-Keynesian model in which employment and productivity are allowed to be fully variable. To close the model an explicit representation of the organisation of production must be added, and the neoclassical view is only one possibility among others. Several alternatives are considered, as well as policies aimed at reorganising production. It is argued that post-Keynesian economics should rest on a non-neoclassical view of production, acknowledging the scope for variable productivity.
- Sprache
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Englisch
- Erschienen in
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Journal: British Review of Economic Issues ; ISSN: 0141-4739 ; Volume: 12 ; Year: 1990 ; Issue: 28 ; Pages: 53-65 ; Kingston: Association of Polytechnic Teachers in Economics
- Klassifikation
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Wirtschaft
Current Heterodox Approaches: General
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Macroeconomics: Production
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Technological Change: Choices and Consequences; Diffusion Processes
- Thema
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employment
productivity
Keynesian economics
organisation of production
technical change
- Ereignis
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Geistige Schöpfung
- (wer)
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Jackson, William A.
- Ereignis
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Veröffentlichung
- (wer)
-
Association of Polytechnic Teachers in Economics
ZBW - Leibniz Information Centre for Economics
- (wo)
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Kingston
- (wann)
-
1990
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Jackson, William A.
- Association of Polytechnic Teachers in Economics
- ZBW - Leibniz Information Centre for Economics
Entstanden
- 1990
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