An important contribution by Malinvaud presents a theory of unemployment not sufficiently considered by modern macroeconomics. This paper employs his theory to explain some features of contemporary unemployment with special reference to Italy. Empirical evidence appears to be in line with this theory.
Unemployment Today in the light of Malinvaud’s theory
FUBINI, Lia
2005-01-01
Abstract
An important contribution by Malinvaud presents a theory of unemployment not sufficiently considered by modern macroeconomics. This paper employs his theory to explain some features of contemporary unemployment with special reference to Italy. Empirical evidence appears to be in line with this theory.
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