Labour and capital mobility: Highbrow theory and lowbrow illustrations.
Complete mobility of labour in the long run equalises the 'rate of return' to employment, independently of any particular price structure. Then, given some level of net output, aggregate net value added is proportional to aggregate labour effort, a macroeconomic equal exchange. Complete mobility of...
| Publicado en: | Cambridge Journal of Economics Vol. 50; no. 2; pp. 431 - 456 |
|---|---|
| Autor principal: | |
| Formato: | Artículo |
| Publicado: |
Oxford University Press / USA
Mar2026
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |