Macroeconomics beyond NAIRU

24 Sep, 2014 at 08:16 | Posted in Economics | Comments Off on Macroeconomics beyond NAIRU


Highly paid labour is generally efficient and therefore not dear labour; a fact, though it is more full of hope for the future of the human race than any other that is known to us, will be found to exercise a very complicating influence on the theory of distribution.

Alfred Marshall


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