▁at ▁one ▁point ▁had ▁smooth ed ▁his ▁path ▁by ▁assuming ▁that ▁w ages ▁were ▁constant . ▁The ▁following ▁observation ▁is ▁by ▁Richard ▁K ahn : ▁I ▁was ▁surprised ▁by ▁H icks ’ ▁statement ▁that : ▁All ▁expos itors ▁of ▁Ke yn es ▁( including ▁myself ) ▁have ▁found ▁this ▁procedure ▁[ working ▁in ▁terms ▁of ▁w age - un its ] ▁a ▁difficulty ▁[...] ▁We ▁had ▁to ▁find ▁some ▁way ▁of ▁breaking ▁the ▁circle . ▁The ▁obvious ▁way ▁of ▁doing ▁so ▁was ▁to ▁begin ▁by ▁setting ▁out ▁the ▁rest ▁( multip lier , ▁liquid ity ▁preference ▁and ▁so ▁on ) ▁on ▁the ▁assumptions ▁of ▁fixed   ▁money ▁w ages . ▁The ▁result , ▁as ▁H icks ▁points ▁out , ▁is ▁the ▁false ▁impression ▁that ▁Ke yn es ▁assumed ▁w ages ▁to ▁be ▁constant ▁at ▁any ▁level ▁of ▁employ ment ▁short ▁of ▁full ▁employ ment . ▁H icks ’ ▁procedure ▁is ▁completely ▁unnecessary . ▁Ke yn es , ▁in ▁many ▁context s , ▁emphas ised ▁the ▁‘ st ick iness ’ ▁of ▁w ages . ▁But ▁that ▁was ▁not ▁the ▁reason ▁for ▁his ▁use ▁of ▁the ▁money - w age ▁as ▁a ▁unit . ▁ ▁References ▁▁ ▁Category : Ke yn esian ▁econom ics ▁Category : W ages ▁and ▁sal aries ▁Category : Mon et ary ▁econom ics <0x0A> </s> ▁Justin ▁King ▁( born ▁June ▁ 1 3 , ▁ 1 9 7 9 ) ▁is ▁an ▁American ▁music ian ▁and ▁artist ▁from ▁Eug ene , ▁Oregon , ▁recognized ▁as ▁a ▁pione ering ▁guitar