Abstract
Years ago, Dennis Robertson (1956, p. 81) uttered the following witticism about economic analysis: ‘Now as I have often pointed out to my students, some of whom have been brought up in sporting circles, highbrow opinion is like a hunted hare: if you stand in the same place, or nearly the same place, it can be relied upon to come round to you in a circle.’ Martin Weitzman’s (1985) effort to demonstrate that (a) a money-wage system is the cause of unemployment, and (b) a cooperative (share) economy presents no obstacle to full employment is the latest example in this Robertsonian genre in several respects.
Journal of Post Keynesian Economics, 9 (Winter 1986–7).
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© 1990 Paul Davidson
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Davidson, L. (1990). The Simple Macroeconomics of a Non-ergodic Monetary Economy Versus a Share Economy: Is Weitzman’s Macroeconomics Too Simple?. In: Davidson, L. (eds) Money and Employment. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11513-6_47
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DOI: https://doi.org/10.1007/978-1-349-11513-6_47
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