Long-Run Changes in the Wage and Price Mechanisms and the Process of Growth

Paolo Sylos-Labini

Chapter 12 in The Dynamics of the Wealth of Nations, 1993, pp 311-347 from Palgrave Macmillan

Abstract: Abstract If we compare the main characteristics of the growth process during the last century with our own we notice important differences, which must be taken into account in choosing the hypotheses on which to base our theoretical models. The differences between the wage and price mechanisms in the two periods are particularly interesting: it is to these mechanisms that I will devote my attention in this paper.

Keywords: Market Power; Trade Union; Collective Bargaining; Public Expenditure; Money Demand (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-22728-0_13

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DOI: 10.1007/978-1-349-22728-0_13

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