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- W4226186908 abstract "This Chapter reconsiders Bhaduri and Marglin (1990)'s contribution that have introduced the basic lexicon into the income distribution debate (IDD). The analysis suffers from two limitations. It is mainly static and refers to the short-run. In spite of these limitations, it underlines the necessity of considering the dual nature of wages, at the same time elements of costs and determinants of demand, where the determinants of consumption and investment are deeply differentiated. This duality extends also to a dynamic medium-run picture, where the original dichotomy stagnationist versus exhilarationist has been replaced in time by that more appealing separating wage-led models (WLM) from profit led ones (PLM)." @default.
- W4226186908 created "2022-05-05" @default.
- W4226186908 date "2022-01-01" @default.
- W4226186908 modified "2023-09-26" @default.
- W4226186908 title "The lexicon of short-run static analysis" @default.
- W4226186908 doi "https://doi.org/10.4337/9781802206012.00007" @default.
- W4226186908 hasPublicationYear "2022" @default.
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