The struggle over the real wage in the monetary production economy
Keynes contents in General Theory that the monetary market logic of the aggregate real wage in the monetary production economy conveys: (i) the determination of the average real wage rate, the level of employment, and the possibility of involuntary unemployment through the interaction of the monetar...
- Autores:
-
Matallana Laverde, Hernando
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2009
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/8100
- Acceso en línea:
- http://hdl.handle.net/1992/8100
- Palabra clave:
- Income distribution
Monetary production economy
Monetary keynesianism
Real aggregate wage
Wage labour
Wage differentials
Economía Keynesiana
Distribución del ingreso
Monetarismo
B22, E12, E24, E25, J31
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/
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The struggle over the real wage in the monetary production economy |
| dc.title.alternative.none.fl_str_mv |
La lucha por el salario real en la economía monetaria de producción |
| title |
The struggle over the real wage in the monetary production economy |
| spellingShingle |
The struggle over the real wage in the monetary production economy Income distribution Monetary production economy Monetary keynesianism Real aggregate wage Wage labour Wage differentials Economía Keynesiana Distribución del ingreso Monetarismo B22, E12, E24, E25, J31 |
| title_short |
The struggle over the real wage in the monetary production economy |
| title_full |
The struggle over the real wage in the monetary production economy |
| title_fullStr |
The struggle over the real wage in the monetary production economy |
| title_full_unstemmed |
The struggle over the real wage in the monetary production economy |
| title_sort |
The struggle over the real wage in the monetary production economy |
| dc.creator.fl_str_mv |
Matallana Laverde, Hernando |
| dc.contributor.author.none.fl_str_mv |
Matallana Laverde, Hernando |
| dc.subject.keyword.none.fl_str_mv |
Income distribution Monetary production economy Monetary keynesianism Real aggregate wage Wage labour Wage differentials |
| topic |
Income distribution Monetary production economy Monetary keynesianism Real aggregate wage Wage labour Wage differentials Economía Keynesiana Distribución del ingreso Monetarismo B22, E12, E24, E25, J31 |
| dc.subject.armarc.none.fl_str_mv |
Economía Keynesiana Distribución del ingreso Monetarismo |
| dc.subject.jel.none.fl_str_mv |
B22, E12, E24, E25, J31 |
| description |
Keynes contents in General Theory that the monetary market logic of the aggregate real wage in the monetary production economy conveys: (i) the determination of the average real wage rate, the level of employment, and the possibility of involuntary unemployment through the interaction of the monetary markets and the goods markets; and (ii) the determination of the money wage rate through the bargains of the forms and the workers as a market-theoretical stability condition of the economic system. Accordingly, (iii) the money wage claims of labour (in conformity with changes of the average labour productivity) do not alter the distribution of income between capital and labour; and (iv) the struggle about the money wages by diferent groups of workers is actually a zerosum game over the distribution of the aggregate real wage between the diferent fractions of the working class. The paper discusses Keynesís contention in the context of the monetary-keynesian theory of the endogenous-money monetary production economy. |
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2009 |
| dc.date.issued.none.fl_str_mv |
2009 |
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2018-09-27T16:50:33Z |
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2018-09-27T16:50:33Z |
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Documento de trabajo |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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info:eu-repo/semantics/workingPaper |
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http://purl.org/coar/resource_type/c_8042 |
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Text |
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http://purl.org/coar/resource_type/c_8042 |
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1657-5334 |
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http://hdl.handle.net/1992/8100 |
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1657-7191 |
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10.57784/1992/8100 |
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instname:Universidad de los Andes |
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reponame:Repositorio Institucional Séneca |
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1657-5334 1657-7191 10.57784/1992/8100 instname:Universidad de los Andes reponame:Repositorio Institucional Séneca repourl:https://repositorio.uniandes.edu.co/ |
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http://hdl.handle.net/1992/8100 |
| dc.language.iso.none.fl_str_mv |
eng |
| language |
eng |
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Documentos CEDE No. 02 Febrero de 2009 |
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https://ideas.repec.org/p/col/000089/005271.html |
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openAccess |
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21 páginas |
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application/pdf |
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Universidad de los Andes, Facultad de Economía, CEDE |
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Universidad de los Andes, Facultad de Economía, CEDE |
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Universidad de los Andes |
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Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Matallana Laverde, Hernando2806db48-6f54-4abf-bf1f-a4d7eff788185002018-09-27T16:50:33Z2018-09-27T16:50:33Z20091657-5334http://hdl.handle.net/1992/81001657-719110.57784/1992/8100instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/Keynes contents in General Theory that the monetary market logic of the aggregate real wage in the monetary production economy conveys: (i) the determination of the average real wage rate, the level of employment, and the possibility of involuntary unemployment through the interaction of the monetary markets and the goods markets; and (ii) the determination of the money wage rate through the bargains of the forms and the workers as a market-theoretical stability condition of the economic system. Accordingly, (iii) the money wage claims of labour (in conformity with changes of the average labour productivity) do not alter the distribution of income between capital and labour; and (iv) the struggle about the money wages by diferent groups of workers is actually a zerosum game over the distribution of the aggregate real wage between the diferent fractions of the working class. The paper discusses Keynesís contention in the context of the monetary-keynesian theory of the endogenous-money monetary production economy.Keynes sostiene en la Teoría General que la lógica monetaria del salario real agregado en la economía monetaria de producción conlleva: (i) la determinación de la tasa promedio del real, el nivel empleo y la posibilidad del desempleo involuntario a través de la interacción de los mercados monetarios y los mercados de bienes, y, (ii) la determinación de la tasa del salario monetario a través de las negociaciones entre las firmas y los trabajadores es una condición de estabilidad del sistema económico. Por tanto, (iii) las exigencias sobre el salario nominal de los trabajadores (de conformidad con los cambios en la productividad promedio del trabajo) no alteran la distribución del ingreso entre el capital y el trabajo, y, (iv) la lucha sobre el salario monetario entre diferentes grupos de trabajadores es en realidad un juego de suma cero en torno a la distribución del salario real agregado entre las distintas fracciones de la clase trabajadora. El artículo desarrolla la tesis de Keynes en el contexto de la teoría keynesiano-monetaria de la economía monetaria de producción con dinero exógeno.21 páginasapplication/pdfengUniversidad de los Andes, Facultad de Economía, CEDEDocumentos CEDE No. 02 Febrero de 2009https://ideas.repec.org/p/col/000089/005271.htmlThe struggle over the real wage in the monetary production economyLa lucha por el salario real en la economía monetaria de producciónDocumento de trabajoinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttps://purl.org/redcol/resource_type/WPIncome distributionMonetary production economyMonetary keynesianismReal aggregate wageWage labourWage differentialsEconomía KeynesianaDistribución del ingresoMonetarismoB22, E12, E24, E25, J31Facultad de EconomíaPublicationTEXTdcede2009-02.pdf.txtdcede2009-02.pdf.txtExtracted texttext/plain49523https://repositorio.uniandes.edu.co/bitstreams/689b9763-b2d9-4e94-bdfa-b23fa6f5bd3a/download3ddf9e9144b6de2f683fbee5597aaac2MD54THUMBNAILdcede2009-02.pdf.jpgdcede2009-02.pdf.jpgIM Thumbnailimage/jpeg2915https://repositorio.uniandes.edu.co/bitstreams/a81540ca-8a50-456e-bb11-a658df362c6f/downloada933bfa0dd6ed0fe6c921c2ffbb30d57MD55ORIGINALdcede2009-02.pdfdcede2009-02.pdfapplication/pdf260023https://repositorio.uniandes.edu.co/bitstreams/e7dc6402-9a75-4b67-847a-d4d719fea02e/downloadcd9ce11cc123e6e2b7ca07aa4f6a8aa4MD511992/8100oai:repositorio.uniandes.edu.co:1992/81002024-06-04 15:42:03.906http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co |