Thoughts on the Behaviour of Wages and Monetarism

Richard F. Kahn

Chapter Chapter 12 in Richard F. Kahn, 2022, pp 241-252 from Palgrave Macmillan

Abstract: Abstract In the 1970s—when the tide was turning against the hegemony of Keynesian thought and the Western economies experienced levels of inflation such as had never been reached in the post-war period—Kahn deployed all the defences he could muster against monetarism, which to all intents and purposes amounted to the restoration of a pre-Keynesian approach. This essay, published 1976, focused on the UK and Kahn revisits his ideas on wage-wage spirals, wage differentials, trade union conflicts and the crucial role these factors play in determining inflation and unemployment, as compared with the role played by the monetization of the public sector budget deficit.

Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-3-030-98588-2_12

Ordering information: This item can be ordered from
http://www.palgrave.com/9783030985882

DOI: 10.1007/978-3-030-98588-2_12

Access Statistics for this chapter

More chapters in Palgrave Studies in the History of Economic Thought from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().