ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Keynesian Unemployment by Accident

Keynesian Unemployment by Accident Amal Sanyal THE present review of Malinvaud's book "The Theory of Unemployment Reconsidered"1 is somewhat belated, given the pace of research in this area of economic theory. However, research into the microfoundations of aggregative theory has acquired enormous importance in our time, both because of the alleged success of Keynesian policies for around three decades, and its failure more recently. This provides an excuse for the present discussion.

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