CONTRIBUTES TO KEYNES THEORY OF EMPLOYMENT

Authors

  • Slađana Mušikić Business School of Applied Studies in Blace, Serbia
  • Danijela Maksimović Business School of Applied Studies in Blace, Serbia

Keywords:

Keynes economic theory, effective demand, involuntary unemployment

Abstract

Upon completion of the global economic crisis 30 years of the twentieth century economic thought was influenced by Keynes (John Maynard Keynes, 1883-1946) economic theory. High unemployment in those years certainly influenced Keynes to start drafting the most important part of his "General Theory of Employment, Interest and Money." In his book, he rejects the Say's law of the market and indicates the possibility of permanent balance the lack of employment. Major place has the idea of effective demand. Market the device does not produce enough aggregate demand for the realization of total production at the level of full employment. Means that economic equilibrium could be at different levels of employment, there may be involuntary unemployment.

Downloads

Download data is not yet available.

References

1. Blanchard, O., Макроекономија, Мате, Загреб, 2005.
2. Кејнс, Џ. М., Општа теорија запослености, камате и новца, Култура, Београд, 1956.
3. Кејнс, Џ. М., Економски есеји, Матица Српска, Нови Сад, 1987.
4. Mankju, N. G., Принципи економије, Економски факултет, Београд, 2004.
5. Пејић, Л., Јакшић, М., Макроекономија-принципи и анализа, Економски факултет, Београд, 2004.
6. Samuelson, P., Nordhaus, W., Економија, XVIII издање, Мате, Загреб, 2009.

Downloads

Published

2010-12-29

How to Cite

Mušikić, S., & Maksimović, D. (2010). CONTRIBUTES TO KEYNES THEORY OF EMPLOYMENT. BizInfo (Blace) Journal of Economics, Management and Informatics, 1(2), 142–149. Retrieved from http://www.bizinfo.edu.rs/index.php/bizinfo/article/view/102