PL EN


1988 | 84 |
Article title

"Synteza neoklasyczna” Franco Modiglianiego. Prezentacja i próba oceny

Content
Title variants
PL
Franco Modigliani’s "Neoclassical Synthesis" - Its Presentation and Attempt at Its Evaluation
Languages of publication
Abstracts
EN
The article is an attempt at analysis and evaluation of one of the versions of "neoclassical synthesis" formulated in the forties of the present century by F.Modigliani - a recent Nobel Prize winner. It tries to reconcile the neoclassical and keynesian theories of employment treating the latter as a peculiar case of the neoclassical theory. This finds its expression in the treatment of the keynesian thesis about equilibrium of underemployment as a result of the assumption about rigid nominal wages and, thu s, the assumption being a peculiar case of a more general assumption of neoclassicists since it takes in to account flexible wages. The performed ana lyse s prove th a t Modigliani's concept is not a successful at tempt at synthesis. In fact, it is a concept with neoclassical undertones (it supports neoclassicists' thesis about equilibrium in conditions of fullemployment with flexible wages),which unjustly reduces the entir "keynesian revolution" to a postulate of rigid nominal wages.
Keywords
Year
Volume
84
Physical description
Dates
published
1988
References
Document Type
Publication order reference
Identifiers
URI
http://hdl.handle.net/11089/6545
YADDA identifier
bwmeta1.element.hdl_11089_6545
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