The Further Theoretical Development of the Weintraub Aggregate Price Equation | springerprofessional.de

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1989 | OriginalPaper | Buchkapitel

The Further Theoretical Development of the Weintraub Aggregate Price Equation

verfasst von : Alfred S. Eichner

Erschienen in: Inflation and Income Distribution in Capitalist Crisis

Verlag: Palgrave Macmillan UK

Enthalten in: Professional Book Archive

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It was Sidney Weintraub (1959) who first pointed out that the aggregate price level depends on the growth of money wages relative to the growth of labour productivity. The Weintraub aggregate price equation takes the following form:

Vorheriges Kapitel Money Wages in the Keynesian and Monetarist Explanations of the Transmission Mechanism Linking Money and Prices

Nächstes Kapitel Inflation as a Cause of Economic Stagnation: A Dual Model

Titel: The Further Theoretical Development of the Weintraub Aggregate Price Equation
verfasst von: Alfred S. Eichner
Verlag: Palgrave Macmillan UK
Buch: Inflation and Income Distribution in Capitalist Crisis
Print ISBN: 978-1-349-08835-5

Electronic ISBN: 978-1-349-08833-1

Copyright-Jahr: 1989
DOI: https://doi.org/10.1007/978-1-349-08833-1_6

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