Aggregate demand and wage effects on manufacturing employment in Australia 1954-55 to 1984-85
Interest in the relative roles of wages and demand in determining employment can be traced to Keynes' General Theory. This gave rise to research into the cyclic relationship between employment and wages, and also into the role of wages and demand variables as determinants of the demand for labour. This thesis pursues the second line of inquiry which can be categorised as a comparison of neoclassical and Keynesian explanations of the demand for labour in which the former stresses the role...[Show more]
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