The cyclical behaviour of wages
In 1938 Dunlop challenged the assertion in the General Theory that wages moved countercyclically. The resulting debate on the cyclical movement of wages deserves study as an episode in the history of economic thought. This is done in chapter 2 which reviews the theoretical issues and chapter 3 which reviews the empirical work.
To understand this history requires some analysis of the meaning and significance of the debate.
At one level the debate can be interpreted as t...Expand abstract
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- University of Oxford
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- Michie, Jonathan
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- The digital copy of this thesis has been made available thanks to the generosity of Dr Leonard Polonsky