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Re: German real wages in the Depression

Jim Devine wrote:

On 6/8/05, Doug Henwood <dhenwood@xxxxxxxxx> wrote: 
 The Shaikh student was arguing that the depression would have ended
 sooner had nominal wages been allowed to fall.

never having studies J.M. Keynes or I. Fisher? assuming Say's Law? 

Evidently. A certain kind of hardcore Marxist can be very
anti-Keynesian. I don't know if Shaikh took this position, but his
student sure did.

Doug

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