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Smith e Keynes sobre as unidades de salário [Smith and Keynes on wage units]

Author

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  • Adriana Amado

    () (Universidade de Brasília)

Abstract

The paper analyses Adam Smith's labour commanded value theory and proceeds with a comparison between this theory and Keynes' wage units approach, demonstrating that both authors were mainly concerned with a nominal anchor to the measure of value. This similarity in both theories is observed in the economic literature in several occasions However, there are no detailed analyses of the elements that originate the differences between those authors as for the monetary theory and which are in a way or another associated to the use of nominal wages as an anchor for the measurement of value.

Suggested Citation

  • Adriana Amado, 2003. "Smith e Keynes sobre as unidades de salário [Smith and Keynes on wage units]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 13(1), pages 167-184, January-J.
  • Handle: RePEc:nov:artigo:v:13:y:2003:i:1:p:167-184
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    References listed on IDEAS

    as
    1. Paul Davidson, 1983. "Rational Expectations: A Fallacious Foundation for Studying Crucial Decision-Making Processes," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 5(2), pages 182-198, January.
    2. Lawson, Tony, 1985. "Uncertainty and Economic Analysis," Economic Journal, Royal Economic Society, vol. 95(380), pages 909-927, December.
    3. Lawson, Tony, 1987. "The Relative/Absolute Nature of Knowledge and Economic Analysis," Economic Journal, Royal Economic Society, vol. 97(388), pages 951-970, December.
    4. Dosi, Giovanni, 1993. "Technological paradigms and technological trajectories : A suggested interpretation of the determinants and directions of technical change," Research Policy, Elsevier, vol. 22(2), pages 102-103, April.
    5. Runde, Jochen, 1990. "Keynesian Uncertainty and the Weight of Arguments," Economics and Philosophy, Cambridge University Press, vol. 6(02), pages 275-292, October.
    6. Paul Davidson, 1987. "Sensible Expectations and the Long-Run Non-Neutrality of Money," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 10(1), pages 146-153, September.
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    More about this item

    Keywords

    Keynes; Smith; wage units;

    JEL classification:

    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General

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