Boianovsky, Mauro - In: Expectations : theory and applications from historical …, (pp. 69-85). 2020
The paper investigates Champernowne's 1936 attempt to sort out the debate between Pigou (The theory of unemployment …. Macmillan, London, 1933) and Keynes (The general theory of employment, interest and money. Macmillan, London, 1936) about … employment determination. Champernowne agreed with Keynes that workers can only bargain for a money-wage, but argued that, to the …
