Full employment

Title: Full employment
Creator: Mitchell, William; Watts, Martin
Relation: The Elgar Companion to Post Keynesian Economics p. 153-159
Relation: http://www.e-elgar-economics.com/Bookentry_Main.lasso?id=2353
Publisher: Edward Elgar
Resource Type: book chapter
Date: 2003
Description: The term 'full employment' can be traced back to William Petty's 1662 work, A Treatise on Taxes and Contributions, in which he argued that non-productive labour could be supported as a consequence of the capacity of producers of consumption goods to generate a surplus over and above their own subsistence. Over the past 30 years the NAIRU concept has obfuscated the debate over the capacity of capitalist economies to achieve and maintain full employment, as traditionally understood. Somewhat belatedly this debate is now occurring, but it remains unresolved within the deeply divided post Keynesian literature.
Subject: employment; Post Keynesian; economics; production
Identifier: http://hdl.handle.net/1959.13/35264
Identifier: uon:3837
Identifier: ISBN:1840646306
Language: eng

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