Wages and Inflation

Jorgen Pedersen
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Jorgen Pedersen: University of Aarhus

Chapter Chapter 15 in Inflation, 1962, pp 233-247 from Palgrave Macmillan

Abstract: Abstract I shall not go into the logical relationship of wage rates to the other variables in the system of a market economy. This relationship has often been analysed, and I do not think it contains any important controversial point. Rather than repeat what is well known and uncontroversial I intend to discuss some practical questions concerning wages and the control of the monetary system. Before doing this, however, I shall, by way of summary, state the assumptions on which the subsequent reasoning is based ; for brevity only a rise in wages is considered.

Keywords: Interest Rate; Wage Rate; Fiscal Policy; Trade Union; Real Income (search for similar items in EconPapers)
Date: 1962
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-08455-5_15

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DOI: 10.1007/978-1-349-08455-5_15

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