Real and Money Wages

Joan Robinson

Chapter Chapter X in An Essay on Marxian Economics, 1966, pp 82-91 from Palgrave Macmillan

Abstract: Abstract Modern developments in academic economics, as we have seen, move away from traditional orthodoxy towards Marx. But in one sphere the movement has been in the opposite direction. On the question of the relationship of changes in money wages to changes in real wages, and of changes in real wages to changes in employment, Marx and the orthodox stand together, opposed to the modern theory.

Keywords: Trade Cycle; Trade Union; Real Wage; Wage Cost; Effective Demand (search for similar items in EconPapers)
Date: 1966
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DOI: 10.1007/978-1-349-15228-5_10

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