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- W2070729106 abstract "The question of the wages-employment relationship stemmed from the statistical invalidation by Dunlop and Tarshis, immediately after the publication of the General Theory, of a conjecture formulated by Keynes on the alleged negative correlation between real and money wages. All three authors tried from the beginning to reconcile theoretical views and statistical observations by resorting, almost exclusively, to imperfect competition. Actually, these efforts culminated, at least in Dunlop's case, in a true research programme on macroeconomic analysis of imperfectly competitive economies, a programme which was basically implemented only in the eighties and the nineties. The present paper discusses this episode from the theoretical point of view and casts a look at its modern echoes, namely at the two main ways of reconciling the Keynesian conjecture with the stylized facts : increasing marginal returns due to internal economies and cyclical" @default.
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- W2070729106 date "1999-01-01" @default.
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- W2070729106 title "La relations salaire-emploi sous l'éclairage de la concurrence imparfaite" @default.
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- W2070729106 doi "https://doi.org/10.3406/cep.1999.1251" @default.
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