The Stability of the Purchasing Power of Money

Paul Davidson

Chapter 8 in International Money and the Real World, 1992, pp 141-164 from Palgrave Macmillan

Abstract: Abstract An entrepreneur society is one where managers use forward money contracts to hire inputs for the production process. These contracts provide entrepreneurs with the legal ability to direct the use of labour, materials and other hired inputs in producing output in that manner managers deem to be most cost effective and profitable.

Keywords: Unit Labour Cost; Spot Prex; Efficiency Wage; Income Policy; International Money (search for similar items in EconPapers)
Date: 1992
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Chapter: The Stability of the Purchasing Power of Money (1982)
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DOI: 10.1057/9780230378094_8

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