This paper a two-sector Sraffian pricing model with heterogeneous labour in conjunction with a Keynesian quantity system in order to investigate whether changes in relative employments of different types of labour can be systematically linked to changes in their relative costs. The paper employs...

A important part of mainstream economic belief in the ability of price and wage flexibility to eliminate unemployment has been the so-called Keynes effect, viz., downward flexibility in prices and wages reducing interest rates and stimulating effective demand. Yet, the theoretical real wage...

This paper a two-sector Sraffian pricing model with heterogeneous labour in conjunction with a Keynesian quantity system in order to investigate whether changes in relative employments of different types of labour can be systematically linked to changes in their relative costs. The paper employs...

A important part of mainstream economic belief in the ability of price and wage flexibility to eliminate unemployment has been the so-called Keynes effect, viz., downward flexibility in prices and wages reducing interest rates and stimulating effective demand. Yet, the theoretical real wage...

This paper (forthcoming in The Columbia Anthology of 20th Century French Thought), aims at presenting some important steps in the development of twentieth century French economic thought. More precisely, I suggest the way some nowadays neglected pieces of work can pave the way to fruitful...