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Truman Bewley on why some firms prefer to “get the misery out the door” instead of cutting pay

Truman Bewley on why some firms prefer to “get the misery out the door” instead of cutting pay

Released Sunday, 3rd May 2026
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Truman Bewley on why some firms prefer to “get the misery out the door” instead of cutting pay

Truman Bewley on why some firms prefer to “get the misery out the door” instead of cutting pay

Truman Bewley on why some firms prefer to “get the misery out the door” instead of cutting pay

Truman Bewley on why some firms prefer to “get the misery out the door” instead of cutting pay

Sunday, 3rd May 2026
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Truman Bewley, the Alfred C. Cowles Professor Emeritus of Economics at Yale University, discusses his academic background, his work on economic theory and shift to empirical economics, and his studies on wage rigidity and price setting of commodities and differentiated products that involved hundreds of interviews with employers and workers over many years.

Read a transcript of the podcast here: https://irs100.princeton.edu/sites/default/files/2026-05/053-TWGO_Bewley_transcript.pdf

For more details on this episode, visit: https://irs100.princeton.edu/podcasts/truman-bewley-2026

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