The Fallacy of Wage Cuts and Keynes's Involuntary Unemployment

摘要: “the analysis I shall like to try outline is not merely my own; it due a young English economist, Mr. R. F. Kahn. should put his point very shortly.” –John Maynard Keynes (1931, p. 368) “In this book even more perhaps than writing Treatise on Money, have depended the constant advice and constructive criticism of There great deal in that would taken shape has except at suggestion.” (1973a, 23) “…we must record Keynes' acknowledgments indebtedness… especially Kahn, whose share historic achievement [the General Theory] cannot fallen far short co-authorship.” Schumpeter (1966, 1172)