The Further Theoretical Development of the Weintraub Aggregate Price Equation

Alfred S. Eichner

Chapter 5 in Inflation and Income Distribution in Capitalist Crisis, 1989, pp 83-98 from Palgrave Macmillan

Abstract: Abstract It was Sidney Weintraub (1959) who first pointed out that the aggregate price level depends on the growth of money wages relative to the growth of labour productivity. The Weintraub aggregate price equation takes the following form:

Keywords: Unit Labour Cost; Residual Income; Wage Bill; Money Wage; Leontief Model (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-08833-1_6

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DOI: 10.1007/978-1-349-08833-1_6

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