The Consensus on Sticky Wages and Prices

The consensus to day is that kings was right. When i was in grad school, i think there was a movement away from kings and the tide tha has turned. The young greek manku was a new cansan because of a fairly sophisticated theory about menucosts. And then more recently, you and ricado race talked instead about attention. So maybe if you're not paying attention, you arent change your price. Ill i'm not so eager to change my price if you're my competitor, and therefore im nt to pay much attention either.