Relative Wages, Rationality, and Involuntary Unemployment in Keynes's Labor Market

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Hoover, Kevin Douglas

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2010-06-28T18:50:12Z

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2010-06-28T18:50:12Z

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1995

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The reputation of John Maynard Keynes’s General Theory of Employment, Interest, and Money as a badly written book is often exaggerated. But if it is deserved at all, it is because of parts such as chapter 2, “The Postulates of the Classical Economy.” Half a century of exegesis and interpretation have yet to provide a satisfactory and widely accepted version of what this chapter really means. Reactions to chapter 2 fall into four main strands.

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2043568 bytes

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application/pdf

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https://hdl.handle.net/10161/2558

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en_US

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History of Political Economy

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interwar macroeconomics

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investment fluctuations

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macroeconomics

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postwar monetary economics

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world war II

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Relative Wages, Rationality, and Involuntary Unemployment in Keynes's Labor Market

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Journal article

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