Reply To: How was keynesianism treated post 70's?


About the sticky wages, wages are considered as a ‘price’ as well since there needs to be a market for that wage right? Wouldn’t this mean it will clear eventually? And even if wages are sticky, it could be a result of desiring predictability i.e. they won’t arbitrarily adjust every second. It doesn’t necessarily weaken the case for markets right?

I apologize if this is sort of off-topic!