Abstract
The role of prices in the Keynesian system has long and frequently been misperceived; contemporary coexistence of inflation and unem-ployment has induced repudiation of Keynesian diagnoses and prescriptions. A re-examination of certain critical effects of flexible wages and prices and changing levels of prices is in order.
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References
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© 1989 Association pour le Développement des Etudes Keynésiennes
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Eisner, R. (1989). On Keynesian Underemployment, Prices, and Wealth Effects of Government Debt. In: Barrère, A. (eds) Money, Credit and Prices in Keynesian Perspective. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-20117-4_8
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DOI: https://doi.org/10.1007/978-1-349-20117-4_8
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-20119-8
Online ISBN: 978-1-349-20117-4
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