- 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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