Wage norms, capital accumulation, and unemployment: a post-Keynesian view

The paper presents a post-Keynesian view of unemployment. It argues, first, that the effective labour demand need not be downward sloping with respect to real wages, and aggregate demand need not be downward sloping with respect to inflation; second, that there is a broad case for unemployment hyste...

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Bibliographic details
Volume: 27
Main Author: Stockhammer, Engelbert
Format: Journal Article
Language: English
Place of publication: Oxford University Press 2011
published in: Oxford Review of Economic Policy Vol. 27; no. 2; pp. 295 - 311
Data of publication: 2011
Series: Oxford Review of Economic Policy
Online Access: available in Bonn?
Database: RePEc IDEAS
RePEc
Database information Databases - DBIS