It doesn't work

Critical Review 12 (1-2):59-69 (1998)
Abstract
Abstract Vedder and Gallaway are mistaken in their attempted demonstration that government policies to raise real wages have been the source of most or all U.S. unemployment in the twentieth century. Their case depends on a presumed correlation between high unemployment and high real wages that has not existed since World War II, and on a naive confusion between correlation and causation: just because real wages and unemployment were both relatively high during the Great Depression does not mean that high real wages were the cause of high unemployment. More likely, the reverse is true. The ascription of high unemployment to higher?than?equilibrium real wages is not always in error. But there is no reason whatsoever to believe Vedder and Gall?away's claim that the government's policies to raise wages have been ?the major cause of high unemployment in the United States.?
Keywords No keywords specified (fix it)
Categories (categorize this paper)
Options
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
 
Download options
PhilPapers Archive


Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 12,084
External links
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library
References found in this work BETA

No references found.

Citations of this work BETA
Similar books and articles
Dimitria Electra Gatzia (2012). The Problem of Unemployment. Economics, Management, and Financial Markets 7 (2):36-54.
Philippa Smales (2010). Living Wages and Institutional Supply Chain Duties. Business and Professional Ethics Journal 29 (1/4):109-134.
Analytics

Monthly downloads

Added to index

2011-10-18

Total downloads

3 ( #308,076 of 1,101,939 )

Recent downloads (6 months)

2 ( #192,006 of 1,101,939 )

How can I increase my downloads?

My notes
Sign in to use this feature


Discussion
Start a new thread
Order:
There  are no threads in this forum
Nothing in this forum yet.