in Cambridge Journal of Economics
May 2011; p ublished online September 2010 .
Journal Article. Subjects: Econometric and Statistical Methods; Special Topics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; History of Economic Thought (to 1925). 8020 words.
Keynes' concept of a Zw -function relates the value of aggregate supply in wage units to employment. It aroused much controversy until the very recent past. A special bone of...