Smith e Keynes sobre as unidades de salário Smith and Keynes on wage units

The paper analyses Adam Smith's labour commanded value theory and proceeds with a comparison between this theory and Keynes' wage units approach, demonstrating that both authors were mainly concerned with a nominal anchor to the measure of value. This similarity in both theories is observed in the economic literature in several occasions However, there are no detailed analyses of the elements that originate the differences between those authors as for the monetary theory and which are in a way or another associated to the use of nominal wages as an anchor for the measurement of value.