Wages and unemployment
a study in non-Walrasian macroeconomics
Our rough guess is there are 65,750 words in this book.
At a pace averaging 250 words per minute, this book will take 4 hours and 23 minutes to read. With a half hour per day, this will take 9 days to read.
How long will it take you?
This book will take an estimated to read at a reading speed averaging words per minute. With 30 minutes per day, this will take to read.
Enter your reading speedYou can take one of our WPM reading speed tests to find your reading speed.
Create a free account to track your reading progress, build your reading list, and set reading goals.
We earn a commission on purchases
Author
Publication
1993 - Cambridge University Press, Cambridge [England], England
Language
English
Word Count
65,750 words, Guess
Page Count
263 pages
Identifiers
- Open LibraryOL1716973M
- ISBN-100521350573
- OCLC Control Number26014304
- OCLC Control Numberwagesunemploymen00pica
- Library of Congress Control Number92019475
and 2 more
- LibraryThing9432302
- Goodreads4031298
Classifications
- DDC339.5
- LCCHD4906 .P53 1993
Description
This book is concerned with the problem of wage rigidities in macroeconomic theory, and their implications for public policy. It offers an analysis of the microeconomic foundations of rigid wages, considering their implications for normative economics, and their role in explaining involuntary unemployment. The initial chapters examine short-run macroeconomic equilibrium with nominal rigidities within the framework of fix-price temporary equilibria. This is followed by an overview and assessment of the main microeconomic mechanisms likely to account for real wage rigidity. In this context new findings concerning implicit contract theory, union behaviour and efficiency wage models are reported. The effect of efficiency wage models on macroeconomic fluctuations is also considered. Finally an analysis of the important public policy issues raised in the book is provided.
Subjects
Topics
Other Editions
- Wages and unemployment: a study in non-Walrasian macroeconomics
Reader Reviews
No reviews yet for this book.
Be the first to share your thoughts!