High Wages Cause Unemployment

Research output: Journal PublicationArticlepeer-review

2 Citations (Scopus)


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.

Original languageEnglish
Pages (from-to)6-11
Number of pages6
JournalEconomic Affairs
Issue number3
Publication statusPublished - Apr 1985
Externally publishedYes

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Development
  • Aerospace Engineering


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