Harvard University Press
Why Wages Don't Fall During a Recession (English, Truman F. Bewley)
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Specifications
| Publisher | Harvard University Press |
| Language | English |
| ISBN-13 | 9780674009431 |
| ISBN-10 | 0674009436 |
| Author | Truman F. Bewley |
Product Description
About the Book
A deep question in economics is why wages and salaries don't fall during recessions. This is not true of other prices, which adjust relatively quickly to reflect changes in demand and supply. Although economists have posited many theories to account for wage rigidity, none is satisfactory. Eschewing "top-down" theorizing, Truman Bewley explored the puzzle by interviewing--during the recession of the early 1990s--over three hundred business execut…
ISBN: 9780674009431
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What You'll Learn
- ·In-depth exploration of topics covered in Why Wages Don't Fall During a Recession
- ·Key concepts explained with clarity and practical examples
- ·Insights valuable for anyone studying or working in Harvard University Press
Who Should Read This
Students and professionals interested in Harvard University Press, as well as general readers looking to expand their knowledge.
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Why Wages Don't Fall During a Recession is authored by Truman F. Bewley.
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About the Book
A deep question in economics is why wages and salaries don't fall during recessions. This is not true of other prices, which adjust relatively quickly to reflect changes in demand and supply. Although economists have posited many theories to account for wage rigidity, none is satisf...
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