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FULL EMPLOYMENT AND THE NEW ECONOMICS ‐A COMMENT
Author(s) -
Lando Mordechai E.
Publication year - 1970
Publication title -
scottish journal of political economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.4
H-Index - 46
eISSN - 1467-9485
pISSN - 0036-9292
DOI - 10.1111/j.1467-9485.1970.tb00489.x
Subject(s) - economics , positive economics , neoclassical economics , aggregate demand , aggregate (composite) , keynesian economics , monetary policy , materials science , composite material
Professor Killingsworth's paper ‘Full Employment and the New Economics’ 1 contains many controversial hypotheses. I prefer to avoid the pitfalls of the ‘aggregate demand’ versus ‘structural change’ controversy, and will just comment on some of the strained interpretations Killingsworth places on the data.