GEM Mission Weblog - Unique Effectivity-Wage Theorists
[ad_1] This publish locations the analysis of Arthur Okun, the topic of final week’s essay, within the bigger context of what got here to be often called efficiency-wage (EW) idea. The office venue of price-mediated trade was launched into macroeconomics by authentic EW theorists. Particularly, Okun (1981), Solow