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Wages, Prices and Money

In: The General Theory of Profit Equilibrium

Author

Listed:
  • Connell Fanning

    (National University of Ireland)

  • David O Mahony

    (University College)

Abstract

Keynes regarded the received treatment of money-wages and of the quantity of money as being particularly unsatisfactory. As he saw it, the presuppositions of the existing theory were irredeemably flawed as far as the effects of changes in money-wages and in the quantity of money were concerned. For that reason he elaborated on the general principles of his own analysis with a view to formulating an explanation of the part wages and the quantity of money play in determining the employment of the available resources which would be consistent with his own method of analysis.

Suggested Citation

  • Connell Fanning & David O Mahony, 1998. "Wages, Prices and Money," Palgrave Macmillan Books, in: The General Theory of Profit Equilibrium, chapter 9, pages 163-183, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50228-4_9
    DOI: 10.1057/9780230502284_9
    as

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