Some Cambridge reactions to The General Theory: David Champernowne and Joan Robinson on full employment
分析剑桥经济学家钱珀瑙恩和罗宾逊对凯恩斯《通论》中劳动市场论述的早期批评,他们试图填补货币工资决定因素的空白,并提出了替代性概念。
This essay analyses early reactions put forward by Cambridge economists David Champernowne and Joan Robinson to J. M. Keynes's treatment of the labour market in The General Theory. Champernowne's and Robinson's critical reactions represented attempts to fill the gap of the determinants of changes in money-wages, which they both identified as a weak spot in the argument of the book. They rejected, albeit for different reasons, Keynes's notion of the point of full employment as an upper limit defined by the equality between the real wage rate and the marginal disutility of employment. Instead of Keynes's taxonomy of types of unemployment, Champernowne and Robinson introduced, respectively, the concepts of 'monetary employment' and 'monetary unemployment', and of 'critical levels' of employment. Copyright 2005, Oxford University Press.