Jim Devine quoted:
We find that real wages which were significantly above their market clearing levels were the most important factor for the economic decline in the depression.
Years ago, a student of Anwar Shaikh's made the same argument to me about the US depression - and said that Anwar agreed with her.
Doug
- Re: Next step on GM affair, (continued)
- Re: Next step on GM affair, Michael Perelman Wed 08 Jun 2005, 01:17 GMT
- Re: Next step on GM affair, dan scanlan Wed 08 Jun 2005, 01:46 GMT
- Re: Next step on GM affair, Michael Perelman Wed 08 Jun 2005, 01:47 GMT
- German real wages in the Depression, Jim Devine Tue 07 Jun 2005, 21:27 GMT
- Re: German real wages in the Depression, Doug Henwood Tue 07 Jun 2005, 21:33 GMT
- Re: German real wages in the Depression, sam gindin Wed 08 Jun 2005, 15:27 GMT
- Re: German real wages in the Depression, Doug Henwood Wed 08 Jun 2005, 15:29 GMT
- Re: German real wages in the Depression, Eugene Coyle Thu 09 Jun 2005, 17:49 GMT
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- Re: German real wages in the Depression, Jim Devine Wed 08 Jun 2005, 15:34 GMT