Missio, Fabrício J.; Oreiro, José Luís - Departamento de Economia, Universidade Federal do Paraná - 2007
After the publication of The General Theory of Employment, Interest and Money (hereafter, GT), an intense debate about … theory, according to which the long-run equilibrium of the economic system is characterized by full-employment of the labor … force. According to the neoclassical synthesis, GT was a special case of the classical theory, the one where nominal wages …
