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""Moreover, a resistance to reductions in money-wages applying to particular industries does not raise the same insuperable bar to an increase in aggregate employment which would result from a similar resistance to every reduction in real wages. " (F) At this point in the book, Keynes is already analyzing how sensitive the economy can be." — Mar 08, 2016 08:47PM
""Moreover, a resistance to reductions in money-wages applying to particular industries does not raise the same insuperable bar to an increase in aggregate employment which would result from a similar resistance to every reduction in real wages. " (F) At this point in the book, Keynes is already analyzing how sensitive the economy can be." — Mar 08, 2016 08:47PM
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