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Home Theories of Employment


Theories of Employment:


Classical Theory of Employment:


Classic economics covers a century and a half of economic teaching. Adam Smith wrote a classic book entitled, 'An Enquiry into the Nature and Causes of the Wealth of Nations' in 1776. Since the publication of that book, a body of classic economic theory was developed gradually. Continue reading.   


Keynesian Theory of Income and Employment:


John Maynard Keynes was the main critic of the classical macro economics. He in his book 'General Theory of Employment, Interest and Money' out-rightly rejected the Say's Law of Market that supply creates its own demand. Continue reading.


Keynesian Technique of Economic Analysis and Under Developed Countries:


Keynes 'General Theory' explains, the short period fluctuations in income and employment of a highly industrialized economy. It also suggests positive measures for increasing income and curing unemployment. Continue reading.


Classical Versus Keynesian Economics:


The economists who generally oppose government intervention in the functioning of aggregate economy are named as classical economists. The main classical economists are Adam Smith, J. B, Say, David Ricardo, J. S. Mill. Thomas. Continue reading.



Principles and Theories of Micro Economics
Definition and Explanation of Economics
Theory of Consumer Behavior
Indifference Curve Analysis of Consumer's Equilibrium
Theory of Demand
Theory of Supply
Elasticity of Demand
Elasticity of Supply
Equilibrium of Demand and Supply
Economic Resources
Scale of Production
Laws of Returns
Production Function
Cost Analysis
Various Revenue Concepts
Price and output Determination Under Perfect Competition
Price and Output Determination Under Monopoly
Price and Output Determination Under Monopolistic/Imperfect Competition
Theory of Factor Pricing OR Theory of Distribution
Principles and Theories of Macro Economics
National Income and Its Measurement
Principles of Public Finance
Public Revenue and Taxation
National Debt and Income Determination
Fiscal Policy
Determinants of the Level of National Income and Employment
Determination of National Income
Theories of Employment
Theory of International Trade
Balance of Payments
Commercial Policy
Development and Planning Economics
Introduction to Development Economics
Features of Developing Countries
Economic Development and Economic Growth
Theories of Under Development
Theories of Economic Growth
Agriculture and Economic Development
Monetary Economics and Public Finance

History of Money

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