Abstract
This text aims to briefly present the contents of Abba P. Lerner's work focusing on his approach to the involuntary unemployment issue, as well as on his proposals to attain full employment. Given his alleged alignment to John M. Keynes's theoretical framework on the same matters, a comparison between those two authors will be made in terms of concepts and proposals , thus presenting the convergence and divergence of the points made by both authors. It appears that the authors shared a deeply reformist orientation towards capitalist economies, with each proposing his own pattern - although crucially, regarding both approaches - for state policies. Despite this common feature, it seems to be clear that a series of theoretical content in Lerner's work caused him to distance himself from fundamental components of Keynes's original approach.
Keywords:
Effective demand; Fundamental uncertainty; Functional finance; Money; Full employment