Jump to ContentJump to Main Navigation
The Fall and Rise of Keynesian Economics$
Users without a subscription are not able to see the full content.

John Eatwell and Murray Milgate

Print publication date: 2011

Print ISBN-13: 9780199777693

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:osobl/9780199777693.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 22 November 2019

Effective Demand and Disguised Unemployment

Effective Demand and Disguised Unemployment

Chapter:
(p.174) 9 Effective Demand and Disguised Unemployment
Source:
The Fall and Rise of Keynesian Economics
Author(s):

John Eatwell

Murray Milgate

Publisher:
Oxford University Press
DOI:10.1093/acprof:osobl/9780199777693.003.0009

This chapter analyzes the origins and structure of disguised unemployment and provides an illustrative estimate of its magnitude from 1979 to 1990. It discusses the ideas developed by Joan Robinson, which implies that the level of employment in the economy is determined by effective demand and level of disguised unemployment. Robinson points out that disguised unemployment is likely to be greater wherever unemployment benefits are either low or of short duration, or where low-productivity employment is subsidized or protected.

Keywords:   disguised unemployment, Joan Robinson, employment, effective demand, unemployment, low-productivity employment

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .