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Non-Euclidean geometry and political economy How Jacques Rueff explained unemployment in England (1919-1931)

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  • Adrien Lutz

    (Université de Lyon, Lyon, F-69007, France ; CNRS, GATE Lyon St Etienne,F-69130 Ecully, France, Université Jean Monnet, Saint-Etienne, F-42000, France)

Abstract

This paper provides new perspectives on the French liberal economist Jacques Rueff (1896-1978), especially as regards his early writings on unemployment. We aim to show that Rueff distinguishes the root causes of permanent unemployment in England (1919-1931) based upon an interesting reading of non-Euclidean geometry. Controversially, this enables him to locate the cause of unemployment in the stickiness of the wage/price ratio. Hence, arguing that reality remains inaccessible in itself, Rueff focuses on a succession of variables (price, wage, unemployment), supplemented by his concepts of rational ego and the reasoning machine, in order to approach this reality.

Suggested Citation

  • Adrien Lutz, 2015. "Non-Euclidean geometry and political economy How Jacques Rueff explained unemployment in England (1919-1931)," Working Papers 1522, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    • Handle: RePEc:gat:wpaper:1522
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    File URL: ftp://ftp.gate.cnrs.fr/RePEc/2015/1522.pdf
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    References listed on IDEAS

    as
    1. Ludovic Frobert, 2010. "Conventionalism and liberalism in Jacques Rueff's early works (1922 to 1929)," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 17(3), pages 439-470.
    2. Mundell, Robert A, 1973. "The Monetary Consequences of Jacques Rueff: Review Article," The Journal of Business, University of Chicago Press, vol. 46(3), pages 384-395, July.
    3. Ludovic Frobert, 2010. "Conventionalism and liberalism in Jacques Rueff's early works (1922 to 1929)," Post-Print halshs-00482888, HAL.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Rueff; unemployment; real wage;
    All these keywords.

    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • N00 - Economic History - - General - - - General

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