Aggregate Analysis

Harold Lydall

Chapter 7 in A Critique of Orthodox Economics, 1998, pp 101-127 from Palgrave Macmillan

Abstract: Abstract In the two previous chapters we were concerned with the behaviour of firms operating under two different sets of market conditions: 1. In this first, there was perfect competition in all markets for goods and services, with the exception of the market for finance, but there was imperfect knowledge of technology. 2. In the second, perfect competition in product markets was replaced by product differentiation.

Keywords: Technological Progress; Real Wage; Profit Margin; Nominal Wage; Income Share (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37987-9_7

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DOI: 10.1057/9780230379879_7

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