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Long-Run Changes in the Wage and Price Mechanisms and the Process of Growth

In: The Dynamics of the Wealth of Nations

Author

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  • Paolo Sylos-Labini

Abstract

If we compare the main characteristics of the growth process during the last century with our own we notice important differences, which must be taken into account in choosing the hypotheses on which to base our theoretical models. The differences between the wage and price mechanisms in the two periods are particularly interesting: it is to these mechanisms that I will devote my attention in this paper.

Suggested Citation

  • Paolo Sylos-Labini, 1993. "Long-Run Changes in the Wage and Price Mechanisms and the Process of Growth," Palgrave Macmillan Books, in: Mauro Baranzini & G. C. Harcourt (ed.), The Dynamics of the Wealth of Nations, chapter 12, pages 311-347, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-22728-0_13
    DOI: 10.1007/978-1-349-22728-0_13
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