Monopoly Pricing and Unemployment

Abstract

Introduction: neglect of monopoly influence, 108. — The model, 109. — Initial assumptions, 110. — Primary unemployment, 110. — Rising cost curves, 112. — Variations in aggregate consumer outlay, 114. — Secondary unemployment, 117. — Derived demand for capital goods, 120. — Monopoly in investment goods, 121. — Reconciliation with Keynes' theory, 121. — Conclusion, 124. — Appendix of symbols, 124.