Abstract
The author discusses the policy of keeping (or not opposing) a certain level of unemployment as a means to promote wage deflation, and identifies it as the “brutal” way to pursue macroeconomic stability. By contrast, Sylos Labini identifies the cost of living and productivity as two other determinants of the wage level, and thus proposes a rich policy of structural reforms as the most civilised way to obtain the same result.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
