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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

    (GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - ENS de Lyon - École normale supérieure de Lyon - UL2 - Université Lumière - Lyon 2 - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique)

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 halshs-01199259, HAL.
    • Handle: RePEc:hal:wpaper:halshs-01199259
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01199259
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    References listed on IDEAS

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    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.
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    1. 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.
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    Keywords

    Rueff; unemployment; real wage;
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