History of Political Economy, Volum 10Duke University Press, 1978 |
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Side 551
... wage units Zw equals total variable costs in wage units ; and ( 2 ) this function in wage units is linear with a slope equal to 1. But it is incorrect for Patinkin to limit Keynes ' aggregate supply concept to either of these ...
... wage units Zw equals total variable costs in wage units ; and ( 2 ) this function in wage units is linear with a slope equal to 1. But it is incorrect for Patinkin to limit Keynes ' aggregate supply concept to either of these ...
Side 554
... wage units ; since these would be a nearly constant ratio ( = D / NW ) between AD and AN , W , i.e. between AD and ... wage bill in wage units increases at a constant rate as employment increases , hence the aggregate supply function ...
... wage units ; since these would be a nearly constant ratio ( = D / NW ) between AD and AN , W , i.e. between AD and ... wage bill in wage units increases at a constant rate as employment increases , hence the aggregate supply function ...
Side 555
... wage - earners and other prime - cost factors " ( JMK VII p . 287 ) .3 Patinkin's interpretation of Keynes ' aggregate supply function , therefore , is inconsistent with two aspects of Keynes ' Chapter 20. First , since Patinkin limits ...
... wage - earners and other prime - cost factors " ( JMK VII p . 287 ) .3 Patinkin's interpretation of Keynes ' aggregate supply function , therefore , is inconsistent with two aspects of Keynes ' Chapter 20. First , since Patinkin limits ...
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