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Review of Peter Chinloy's Labor Productivity
Kemal Dervis, Jaime de Melo and Sherman Robinson, General Equilibrium Models for Development Policy, Cambrige University Press, 1982
info:eu-repo/semantics/published
Comment on Allan Meltzer's "Keynes's General Theory."
Rival and Missing Interpretations of Market Society: A Comment
New Perspectives or Old Pitfalls? Some Comments on Allan Meltzer's Interpretation of the General Theory
Interpreting Keynes [Keynes's General Theory: A Different Perspective]
The Dubious Labor Market Analysis in Meltzer's Restatement of Keynes' Theory
A LLAN MELTZER has given the economics profession an interesting and alternative Monetarist prospective to Keynes' General Theory' (Meltzer, 1981). Although Professor Meltzer generously acknowledges our useful exchange on an earlier draft of his fascinating paper, there still remain many unresolved analytical disagreements regarding Keynes' theory. Some of these differences may be questions of interpretation, hence open to differing views, but there is at least one vital relationship in Meltzer's model that deserves an airing for Meltzer's version is (a) inconsistent with Keynes' model and (b) logically inconsistent within Meltzer's own restatement of Keynes' theory. The disagreement turns on the specification of the demand for labor function.