Wage Costs and Employment: the Sraffian View

Alessandro Roncaglia

Chapter 1 in Barriers to Full Employment, 1988, pp 9-26 from Palgrave Macmillan

Abstract: Abstract Few would contest ‘the lack of scientific agreement on the causes of mass unemployment and on the effectiveness of conventional employment and labour market policy’. (IIM/LMP, 1984). The theoretical debate thus acquires immediate practical relevance, since ‘the contradictions between scientific analyses correspond to the controversy about which economic strategies would be suitable for eliminating high unemployment’.

Keywords: Wage Rate; Real Wage; Technical Progress; Capacity Utilisation; Full Employment (search for similar items in EconPapers)
Date: 1988
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DOI: 10.1007/978-1-349-19233-5_2

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