The Rehn-Meidner Model of Wage and Productivity Policy. A Sraffian Analysis

Zoltàn Pogàtsa

No 34, Working Papers from ASTRIL - Associazione Studi e Ricerche Interdisciplinari sul Lavoro

Abstract: The mainstream neoclassical school treats labour as any other commodity, where demand and supply meet on a voluntary and equal basis. It also assumes that the best method for its allocation is open market coordination. The paper first outlines the epistemological faults in this model. It then continues to discuss the alternative model, as charted by two Swedish economists, Gösta Rehn and Rudolf Meidner.

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