Theory Ahead of Language in the Economics of Unemployment
Author(s) -
Richard Rogerson
Publication year - 1997
Publication title -
the journal of economic perspectives
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 9.614
H-Index - 196
eISSN - 1944-7965
pISSN - 0895-3309
DOI - 10.1257/jep.11.1.73
Subject(s) - unemployment , economics , perspective (graphical) , simple (philosophy) , value (mathematics) , mathematical economics , neoclassical economics , general equilibrium theory , positive economics , econometrics , macroeconomics , computer science , epistemology , philosophy , artificial intelligence , machine learning
This paper discusses, from the perspective of modern theories of unemployment, several unemployment concepts that have been used over the years. It argues that many of these concepts are of limited value and are dominated by a few simple concepts that are basic in the analysis of stochastic general equilibrium models.
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