Economics, Econometrics and Finance
2 years ago

Shift in economic theory challenges traditional beliefs on labor demand curve.

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Edward Elgar Publishing eBooks
Capital theory and macroeconomics. II: the labour demand curve
Fabio Petri

Paper Summary

The shift in economic theory from long to short periods has caused problems and challenged key ideas in macroeconomics. This change has led to difficulties and questioned beliefs like the relationship between investment and interest rates, and the existence of a downward-sloping labor demand curve.

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