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So, "if there is no cut in hourly wages, but only the number of hours workedworkers is reduced, there is no deflationary pressure by this"?

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Tue Mar 3rd, 2009 at 10:27:46 AM EST
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