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Macroeconomic Analysis of the Welfare State: a Post-Keynesian View

  • Jesper Jespersen

Abstract

The economic content of the concept of welfare systems is manifold. Despite that, the specific macro economic dimension is surprisingly often missing. This paper demonstrates that macroeconomic theory is indispensable when analysing developments in unemployment, the environment and distribution. The different interpretations of macroeconomics are presented via the debate between John Maynard Keynes and Friedrich Hayek.

Keywords

Labour Market Real Wage Full Employment Effective Demand Money Wage 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Bent Greve 1996

Authors and Affiliations

  • Jesper Jespersen

There are no affiliations available

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