Wages, Prices and Money

Connell Fanning and David O Mahony
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Connell Fanning: National University of Ireland
David O Mahony: University College

Chapter 9 in The General Theory of Profit Equilibrium, 1998, pp 163-183 from Palgrave Macmillan

Abstract: Abstract Keynes regarded the received treatment of money-wages and of the quantity of money as being particularly unsatisfactory. As he saw it, the presuppositions of the existing theory were irredeemably flawed as far as the effects of changes in money-wages and in the quantity of money were concerned. For that reason he elaborated on the general principles of his own analysis with a view to formulating an explanation of the part wages and the quantity of money play in determining the employment of the available resources which would be consistent with his own method of analysis.

Keywords: Demand Curve; Aggregate Demand; Full Employment; Supply Curve; Quantity Theory (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50228-4_9

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DOI: 10.1057/9780230502284_9

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