Real Wages and Employment: Four Great Economists: Pigou, Simons, Keynes and Hansen |
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| Authors: | Eli Schwartz |
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| Institution: | Eli Schwartz has been Professor of Economics at Lehigh University since 1951. He holds degrees from the Universities of Denver and Connecticut and Brown University. His writings have been mainly on questions of finance, with an increasing interest in the formulation of policy. |
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| Abstract: | Professor Eli Schwartz of Lehigh University reviews the theories of Pigou, Simons, Keynes and Hansen concerning unemployment. He concludes that we are in a'Pigovian'world where unemployment is due to defects in the labour market. |
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