Year: 1978
Author: Ramser, Hans J.
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 98 (1978), Iss. 1 : pp. 63–94
Abstract
This study analyses the distributional implications of employment theory where the latter is meant to cover a class of models reaching from the usual Keynesian textbook model to the more recent disequilibrium concepts. In the textbook case, distribution is always determined by elements from both marginal productivity and Kaldorian theory - granted a solution exists; consequently for a = 1, the share of wages is not independent of employment. Under similarly general assumptions, the various disequilibrium models considered do not permit clear-cut conclusions - neither for the adjustment process nor for their steady-state. As a result, one is generally unable to determine the policy implications for this type of models that is obviously superior to the textbook case. In addition, the use of conventional hypotheses about wage-price-dynamics may lead to serious stability problems.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.98.1.63
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 98 (1978), Iss. 1 : pp. 63–94
Published online: 1978-01
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 32
Author Details
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KEYNESSCHE INFLATIONS- UND KALDORSCHE VERTEILUNGSTHEORIE
Ramser*, Hans JÜrgen
Kyklos, Vol. 32 (1979), Iss. 1-2 P.205
https://doi.org/10.1111/j.1467-6435.1979.tb02601.x [Citations: 3]
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