Comment: Hayes on Z.
A commentary on an article by Mark Hayes that appeared in the Cambridge Journal of Economics, vol. 31, no. 5, 2007, pp. 741–753. In his article, Hayes reaffirmed the supply-side basis of Keynes' economics. The writers welcome this, but take Hayes to task on three particular issues: the inadmissib...
| Publicado en: | Cambridge Journal of Economics Vol. 32; no. 5; pp. 815 - 820 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Oxford University Press / UK
September 2008
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| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | A commentary on an article by Mark Hayes that appeared in the Cambridge Journal of Economics, vol. 31, no. 5, 2007, pp. 741–753. In his article, Hayes reaffirmed the supply-side basis of Keynes' economics. The writers welcome this, but take Hayes to task on three particular issues: the inadmissibility of assuming homogeneous aggregate output; the prices implicit in the aggregate demand and supply functions; and derivatives, differentials, and factor cost other than labor. |
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