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Increasing returns and the foundation of unemployment theory

de Meza, David and Perlman, M. (1985) Increasing returns and the foundation of unemployment theory. Journal of Post-Keynesian Economics, 7 (3). pp. 385-395. ISSN 0160-3477

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Claims that the assumptions that lead to the controversial elements of M.L. Weitzman's model of unemployment are not easily appreciated from his paper 'Increasing Returns and the Foundations of Unemployment Theory.' Nominal wage in the short and long run; Inability of Weitzman's formal model to capture the major problem he envisages; Shocks considered in Weitzman's paper.

Item Type: Article
Official URL:
Additional Information: © 1985 ME Sharpe, Inc.
Divisions: Management
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
Date Deposited: 13 Apr 2011 10:31
Last Modified: 15 Sep 2023 12:06

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