The Dubious Labor Market Analysis in Meltzer's Restatement of Keynes' Theory
指出梅尔策对凯恩斯理论的货币主义解读中，劳动力需求函数的设定与凯恩斯模型不一致，且在其自身重述中存在逻辑矛盾。
A LLAN MELTZER has given the economics profession an interesting and alternative Monetarist prospective to Keynes' General Theory' (Meltzer, 1981). Although Professor Meltzer generously acknowledges our useful exchange on an earlier draft of his fascinating paper, there still remain many unresolved analytical disagreements regarding Keynes' theory. Some of these differences may be questions of interpretation, hence open to differing views, but there is at least one vital relationship in Meltzer's model that deserves an airing for Meltzer's version is (a) inconsistent with Keynes' model and (b) logically inconsistent within Meltzer's own restatement of Keynes' theory. The disagreement turns on the specification of the demand for labor function.