The aim of this chapter is to expand the Keynesian model of MTP following the basic Veblenian theories. In particular we show that the path of income distribution - in particular of real wages - is the outcome of firms decisions about the level of production and of technicians' ability to reduce the duration of production process.
Money, capital turnover and the leisure class: Thorstein Veblen’s tips for MTP models
REALFONZO R;
2009-01-01
Abstract
The aim of this chapter is to expand the Keynesian model of MTP following the basic Veblenian theories. In particular we show that the path of income distribution - in particular of real wages - is the outcome of firms decisions about the level of production and of technicians' ability to reduce the duration of production process.File in questo prodotto:
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