Price flexibility and full employment: a common misconception
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References listed on IDEAS
- Hahn, Frank, 1981.
"Reflections On The Invisible Hand,"
Economic Research Papers
269148, University of Warwick - Department of Economics.
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More about this item
Keywords
Price flexibility; General equilibrium (macro) models; Walras' Law and Say's Law; Over-determined systems;All these keywords.
JEL classification:
- E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
- E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2009-05-02 (Central Banking)
- NEP-MAC-2009-05-02 (Macroeconomics)
- NEP-PKE-2009-05-02 (Post Keynesian Economics)
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