ABSTRACT
The purpose of this book is to examine the relationship between employment and money rates of pay in conditions of imperfect competition, when the level of total money expenditures on the products of labour is controlled by suitable financial policies on what I have called New Keynesian principles. Above all the purpose is to examine how the choice between different forms of business organization may in these conditions affect this relationship between employment and rates of pay. For this inquiry a very simple model of an imperfectly competitive economy is constructed and is then examined in operation with different organizational forms for the competing firms.
