Franklin

Economic growth and the high wage economy [electronic resource] : choices, constraints and opportunities in the market economy / Morris Altman.

Author/Creator:
Altman, Morris.
Publication:
London ; New York : Routledge, c2012.
London ; New York : Routledge, 2012.
Format/Description:
Book
1 online resource (673 p.)
Edition:
1st edition
Series:
Routledge Frontiers of Political Economy
Routledge frontiers of political economy ; 158
Status/Location:
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Details

Subjects:
Wages and labor productivity.
Efficiency wage theory.
Labor market.
Economic development.
Form/Genre:
Electronic books.
Language:
English
System Details:
text file
Summary:
This book provides a theoretical framework to better understand how firms, economies and labor markets have evolved. This is done in a reader-friendly fashion, without complex mathematical arguments and proofs. Economic Growth and the High Wage Economy shows how high wage economies help make firms and economies more productive and why high wage economies can be competitive even in an increasingly globalized environment. It also demonstrates why concerns that labor supply will dry up as wages increase and social benefits rise are largely based on impoverished economic reasoning.
Contents:
Cover; Title; Copyright; Dedication; Contents; List of figures, tables and charts; 1 Free to choose or prisoner of market forces: an introduction to high wage growth; 2 Introducing x-efficiency theory, rational inefficiency, and the political economy of the Golden Rule; 3 A behavioral-institutional model of endogenous growth and induced technical change; 4 Why increasing income inequality is not necessary to economic prosperity; 5 A behavioral model of path dependency; 6 Culture as a determinant of material welfare; 7 Sens's capabilities approach and economic welfare
8 Economic growth, ""globalization,"" and labor power9 Staple theory and export-led growth: constructing differential growth; 10 Economic freedom and economic growth and development; 11 A theory of induced institutional change; 12 Why high wages don't cause unemployment; 13 When wants are insatiable: a target income theory of labor supply; 14 Why unemployment insurance can increase economic efficiency; Notes; Bibliography; Index
Notes:
Description based upon print version of record.
Includes bibliographical references and index.
Description based on online resource; title from title page (ebrary, viewed July 13, 2013).
Local notes:
Electronic reproduction. Santa Fe, Arg.: elibro, 2020. Available via World Wide Web. Access may be limited to eLibro affiliated libraries.
ISBN:
1-138-21330-6
0-203-11497-3
1-136-29340-X
OCLC:
852758076