Abstract
It was Sidney Weintraub (1959) who first pointed out that the aggregate price level depends on the growth of money wages relative to the growth of labour productivity. The Weintraub aggregate price equation takes the following form:
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© 1989 J. A. Kregel
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Eichner, A.S. (1989). The Further Theoretical Development of the Weintraub Aggregate Price Equation. In: Kregel, J.A. (eds) Inflation and Income Distribution in Capitalist Crisis. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08833-1_6
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DOI: https://doi.org/10.1007/978-1-349-08833-1_6
Publisher Name: Palgrave Macmillan, London
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