Keynes on wage cuts

Doug Henwood dhenwood at panix.com
Fri Dec 20 14:07:10 PST 2002


Keynes, Treatise on Money, vol. 2, p. 154

"As between a policy of lowering money wages or one of letting prices rise, it would be natural - and sensible - to prefer the latter."



More information about the lbo-talk mailing list