Titlebook: Income and Employment in Theory and Practice; Geoffrey Harcourt (Reader in the History of Econom Book 1995 Palgrave Macmillan, a division

OPINE

Gustatory

,‘Demand’ in ,l’s stage where the claimants for influence are utility and cost of production. Now utility has made little progress (since the 1870ies) towards acquiring a tangible existence and survives in textbooks at the purely subjective level. On the other hand, cost of production has successfully survived Ma

的’

The Efficiency Wage Hypothesis in the Long Period, why they do not change to clear the labour market rapidly enough under the pressure of involuntary unemployment. The basic theoretical issue is not the rigidity of wages caused by the existence of unionised workers, but why wages are ‘sticky’ also in cases in which unions are absent or relatively w

争吵加

offense

BUMP

Contort

Economic Growth and the Distribution of Income,the growth of private and public consumption while boosting the growth of capital formation; and that these policies had the perverse effect of curtailing productivity growth. Governments justified their policies in terms of the need to fight inflation in order to restore the potential for economic

预测

,‘Demand’ in ,s of raw materials, etc. This rather than the relative slope of the two curves, is why it seems to me that the ‘influence’ of the two things on price is not comparable (Sraffa, letter to A. Asimakopulos, dated 11 July 1971, quoted. by Asimakopulos, 1990)

MEEK

CHANT

,Causality and Real Time in Asimakopulos’s Approach to Saving and Investment in the Theory of Distrirstated their theoretical case for the position that investment could not be constrained by available savings. This position appeared to strike at the very foundation of Keynes’s economics and to give credence to the sophistries of the neoclassical synthesis that Tom himself had spent much of his life trying to expose.