Hi Ivan really struggling to see how this is not simply Keynes General Theory: when cost of lowering real wage by means of nominal wage cuts is prohibitive (in economic or political terms) his recommendation is to clear labour market by dose of mild inflation through AD push. twitter.com/IvanWerning/st…
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…