Graduate studies at Western
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)|
|Through your library||Configure|
Similar books and articles
Lowell Gallaway & Richard Vedder (1998). Government and Unemployment: Reply to De Long. Critical Review 12 (3):253-264.
J. Bradford de Long (1998). Unemployment in America: Rejoinder to Vedder and Gallaway. Critical Review 12 (3):265-267.
Clemens Fuest, Joachim Mitschke, Andreas Peichl & Thilo Schaefer, A Low Wage Subsidy Scheme Against Unemployment of Low-Skilled Workers.
Glen Whitman (1996). Myth, Measurement, and the Minimum Wage: Sound and Fury Signifying What? Critical Review 10 (4):607-619.
Tyler Cowen (1989). Why Keynesianism Triumphed or, Could so Many Keynesians Have Been Wrong? Critical Review 3 (3-4):518-530.
Dimitria Electra Gatzia (2012). The Problem of Unemployment. Economics, Management, and Financial Markets 7 (2):36-54.
Christian Schmitt, Gender-Specific Effects of Unemployment on Family Formation: A Cross-National Perspective.
A. B. Atkinson (1990). Income Maintenance for the Unemployed in Britain and the Response to High Unemployment. Ethics 100 (3):569-585.
Philippa Smales (2010). Living Wages and Institutional Supply Chain Duties. Business and Professional Ethics Journal 29 (1/4):109-134.
Moses L. Pava, Jeremy Pava & Joel Hochman (1999). Fairness as a Constraint in the Real Estate Market. Journal of Business Ethics 19 (1):91 - 97.
Klaas Woldring (1995). The Ethics of Australian Executive Remuneration Packages. Journal of Business Ethics 14 (11):937 - 947.
Francisco Parra Luna (1990). Hacia Un Replanteamiento Epistemológico Dei Problema Del Paro En España. Theoria 5 (1):229-240.
Francisco Parra Luna (1990). Hacia un replanteamiento epistemológico deI problema del paro en España. Theoria 5 (1-2):229-240.
Sorry, there are not enough data points to plot this chart.
Added to index2011-10-18
Total downloads1 ( #292,723 of 739,444 )
Recent downloads (6 months)1 ( #61,778 of 739,444 )
How can I increase my downloads?