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

  • 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.

Keywords

Market Power Trade Union Collective Bargaining Public Expenditure Money Demand 
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Copyright information

© Mauro Baranzini and G. C. Harcourt 1993

Authors and Affiliations

  • Paolo Sylos-Labini

There are no affiliations available

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