Joan Robinson Quote

If a rise in wages does not raise prices, a fall will not reduce them.

Chapter X, Real And Money Wages, p. 89 - An Essay on Marxian Economics (Second Edition) (1966)

If a rise in wages does not raise prices, a fall will not reduce them.

If a rise in wages does not raise prices, a fall will not reduce them.

If a rise in wages does not raise prices, a fall will not reduce them.

If a rise in wages does not raise prices, a fall will not reduce them.