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.
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.
Morris Altman is Professor of Behavioural and Institutional Economics and Head of the School of Economics and Finance at Victoria University of Wellington, New Zealand. He is also Professor of Economics at the University of Saskatchewan, Canada.
Inhaltsangabe
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 Determinant of Material Welfare 7. The Capabilities Approach and Growing Economic Welfare 8. Economic Growth, Globalisation, and Labor Power 9. Staple Theory and Export-Led Growth 10. Economic Freedom and Economic Growth and Development 11. A Theory of Induced Institutional Change 12. Why High Wages Don't Cause Involuntary Unemployment 13. When Wants Are Insatiable: A Target Income Theory of Labor Supply 14. Why Unemployment Insurance Can Increase Economic Efficiency
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 Determinant of Material Welfare 7. The Capabilities Approach and Growing Economic Welfare 8. Economic Growth, Globalisation, and Labor Power 9. Staple Theory and Export-Led Growth 10. Economic Freedom and Economic Growth and Development 11. A Theory of Induced Institutional Change 12. Why High Wages Don't Cause Involuntary Unemployment 13. When Wants Are Insatiable: A Target Income Theory of Labor Supply 14. Why Unemployment Insurance Can Increase Economic Efficiency
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