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Page 9
In such a situation the prevalence of one single wage rate is a meaningless abstrac- tion . It is the relative wages that count in the sense that relative wages now become an important argument in the utility functions of wage earners .
In such a situation the prevalence of one single wage rate is a meaningless abstrac- tion . It is the relative wages that count in the sense that relative wages now become an important argument in the utility functions of wage earners .
Page 19
There is no reason why an inflationary equilibrium situation would be one of full employment . There may be unemployment in the economy . Now as to the question whether Keynesian remedies would work in this situation , the answers would ...
There is no reason why an inflationary equilibrium situation would be one of full employment . There may be unemployment in the economy . Now as to the question whether Keynesian remedies would work in this situation , the answers would ...
Page 14
In his analysis of the unemployment situation he still followed the Treatise theoretical model . One important aspect of the analysis was , however , that he stated categori- cally that the depressed economic situation was going to last ...
In his analysis of the unemployment situation he still followed the Treatise theoretical model . One important aspect of the analysis was , however , that he stated categori- cally that the depressed economic situation was going to last ...
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Contents
A NeoKeynesian Critique | 1 |
Art in the Kushāna Empire | 29 |
Book Review | 74 |
Copyright | |
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Common terms and phrases
aggregate Akali analysis Ancient apparently architecture associated attitude belonged breadth Calcutta called century B.C. changes Christian classical coins containing cultural curve deity demand earlier early economic effect Eliot empire employment evidence Excavations expected fact female figure figurines four hand height important India indicate inflation influence interest issue Journal Keynes Keynesian Kushāņa later London lower Mathura monetary mother-goddess movement nature notes noticed objects origin output period phase plaque PLATE present problem production Professor published reasons reference reform region religious remains result rise sculptures shows shrine side Sikh similar situation Society standing stone supply supply-side temple terracotta theoretical theory thinking thought tion tirthankaras Treatise Unitarian University wage yielded