Abstract:
I fully agree with E. R. Weintraub on the two main points: (i) Wells
is correct in substance in rejecting those interpretations of the General
Theory that attribute to it a “labor demand” function identical to the
marginal product of labor ~chedule;(~ii ) but Wells’ equations permit
the interpretation that he wants to exclude, and his accompanying verbal
argument is not likely to convince the authors that he criticizes...
