The lessons of history are presented by Kent Matthews in his argument that inter‐war unemployment is not explained by Keynesian ‘stickiness’ of money wages but by the classical theory of excessively high real wages underpinned by the rise in the real value of national insurance benefits.
|Number of pages||6|
|Publication status||Published - Apr 1985|
ASJC Scopus subject areas
- Geography, Planning and Development
- Aerospace Engineering