Abstract
The notion that a policy of dismantling the institutions governing the determination of wages and employment conditions in Australia will serve to systematically reduce unemployment has received increasing attention and support in recent years. This paper repudiates the deregulationist argument, first, by assessing the mar rginalist presuppositions upon which it rests and second, by presenti ng an alternative account of distribution, competition, and unemploym ent. The critique of the marginalist presuppositions itself serves to justify the theoretical framework of the analysis-a synthesis of the classical approach to distribution and competition and Keynes's prin ciple of effective demand. Copyright 1987 by Blackwell Publishers Ltd/University of Adelaide and Flinders University of South Australia
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.
