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" But if our central controls succeed in establishing an aggregate volume of output corresponding to full employment as nearly as is practicable, the classical theory comes into its own again from this point onwards. "
John Maynard Keynes - Page 154
by Hyman P. Minsky - 2008 - 181 pages
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Committee Prints

United States. Congress. Joint Economic Committee - 1961 - 1242 pages
...Keynes' break with "the classical view" was less than complete was evident in his lark that if: ir central controls succeed in establishing an aggregate...comes into its own again from this point onwards." "Economic Development": JA Schumpeter Schumpeter's definitions of types of unemployment 83 can be grouped...
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Unemployment: Terminology, Measurement, and Analysis

United States. Bureau of Labor Statistics, United States. Congress. Joint Economic Committee - Unemployed - 1961 - 130 pages
...Keynes' break with "the classical view" was less than complete was evident in his remark that if: our central controls succeed in establishing an aggregate...classical theory comes into its own again from this point onwards.32 "Economic Development": JA Sckumpeter Schumpeter's definitions of types of unemployment...
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Labour Market Adjustment: Microeconomic Foundations of Short-run ...

Christopher A. Pissarides, Pissarides - Business & Economics - 1976 - 278 pages
...particular, is peculiar to a less-than-full employment equilibrium, Keynes explicitly recognized that 'if our central controls succeed in establishing an aggregate...classical theory comes into its own again from this point onwards'.21 The analysis of this chapter has shown that this claim can be extended beyond the static...
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The Economic Law of Motion of Modern Society: A Marx-Keynes-Schumpeter ...

H. J. Wagener, J. W. Drukker, Rijksuniversiteit te Groningen. Faculteit der Economische Wetenschappen - Business & Economics - 1986 - 260 pages
...General Theory) stating clearly his preference for free markets over detailed planning: 'But if our central controls succeed in establishing an aggregate...output corresponding to full employment as nearly as it is practicable, the classical theory comes into its own again from this point onwards' (Keynes 1973:...
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Essays in Social Value Theory: A Neoinstitutionalist Contribution

Marc R. Tool - Business & Economics - 1986 - 230 pages
...for "the State" to accept responsibility for invoking "central controls" in order to help establish "an aggregate volume of output corresponding to full employment, as nearly as practicable."18 Keynes's analysis anticipates a private sector shortfall in generating sufficient consumption...
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Economic Philosophy and American Problems: Classical Mechanism, Marxist ...

Floyd B. McFarland - Business & Economics - 1991 - 252 pages
...clear priority was jobs and the production of useful things for a rational and peaceable world, for "establishing an aggregate volume of output corresponding to full employment as nearly as is practicable."13 Keynes's use of wage-units, the wage of unskilled labor and hours of common labor-time,...
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John Maynard Keynes, Critical Assessment: Second series, Volume 7

John Cunningham Wood - Biography & Autobiography - 1994 - 582 pages
...the theory of an economy with involuntary unemployment — a theory built in such a way that "if our central controls succeed in establishing an aggregate...comes into its own again from this point onwards" (1936, p. 378). (i) Anti-atomism: the characteristic of a reasonable argument is its ability to gain...
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Labor of Dionysus: A Critique of State-form Ate-form

Michael Hardt - Communism - 1994 - 374 pages
...in Operai e Stato. 12. See RF Harrod, The Lift of John Maynard Krynes, pp. 375ff. 1 1 . "But if our central controls succeed in establishing an aggregate...classical theory comes into its own again from this point on" (Keynes, The General Thtory of Employment, Interest and Monry, p. 378), 1 4. In hts essay "Newton...
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John Maynard Keynes, Critical Assessment: Second series, Volume 6

John Cunningham Wood - Biography & Autobiography - 1994 - 558 pages
...bluntly, that demand creates its own supply. You yourself wrote in The General Theory that "... if our central controls succeed in establishing an aggregate...the classical theory comes into its own again from that point onwards." I hope that I do not seem immodest in calling attention to the point, but I am...
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Educating Australia: Government, Economy and Citizen Since 1960

Simon Marginson - Education - 1997 - 306 pages
...public sector, the power of the trade unions and the arbitration system' (Sheehan 1985).'' But if our central controls succeed in establishing an aggregate...theory comes into its own again from this point onwards . . . there is no objection to be raised against the classical analysis of the manner in which private...
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