classical theory of employment classical theory of employment it is not a theory given by single economist ricardo j b say adam smith classical theory of employment marshal pigou introduction ...
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...Classical theory of employment it is not a given by single economist ricardo j b say adam smith marshal pigou introduction to economists edge worth pareto and etc according these there always full in the economy believed laissez faire means free enterprise existenceoffull employmentintheeconomy was normal situation any deviation fromthisregardedassomethingabnormal ifthereisunemployment itwillbeforshortperiodonly unemployment demand for labour less than its supply as result wages will fall rise itwillrisetill demandfor becomesequaltosupply therewillbefullemploymentineconomythen...