Efficiency Wage Models of the Labor Market

Name: Efficiency Wage Models of the Labor Market
Brand: Cambridge University Press
SKU: 9780521312844
Price: 5290.00 INR
Availability: InStock

by George A. Akerlof, Janet L. Yellen, Akerlof

Cambridge University Press

₹5,290

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From the publisher

One of the more troubling aspects of the ferment in macroeconomics that followed the demise of the Keynesian dominance in the late 1960s has been the inability of many of the new ideas to account for unemployment remains unexplained because equilibrium in most economic models occurs with supply equal to demand: if this equality holds in the labor market, there is no involuntary unemployment.

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