Economic Growth and the High Wage Economy: Choices, Constraints and Opportunities in the Market Economy (Routledge Frontiers of Political Economy) - Image 1

£55.89

Routledge Economic Growth and the High Wage Economy: Choices, Constraints and Opportunities in the Market Economy (Routledge Frontiers of Political Economy)

Name: Economic Growth and the High Wage Economy: Choices, Constraints and Opportunities in the Market Economy (Routledge Frontiers of Political Economy)
Brand: Routledge
Price: 55.89 GBP
Availability: InStock

Economic Policy & Development

It has never been this cheap. We have no record of a lower price.

£56 today · cheaper than every other day in the last 3 months

NEW HERE?

Amazon shows you one price. We show you all of them.

Tosheroon watches Amazon prices so you don't have to. Every product on Amazon has a price history — we make it visible. Set the price you'd actually pay, and we'll email you the second it gets there. No app, no account, one email.

WHAT'S ON THIS PAGE

↓ Price chart
when this has been cheap or pricey

↓ Forecast
where the price is heading next

↓ Statistics
all-time high & low, recent range

↑ Price alert
name your number, we'll email you

Price History & Forecast

Grey patches = out of stock. Cheaper = lower on the chart. Hover for exact prices.

Last 68 days · 68 data points (no recent data)

Historical

Generating forecast…

Price Distribution

Price distribution over 68 days • 1 price levels

Days at Price

Price Analysis

Most common price: £56 (68 days, 100.0%)

Price range: £56 - £56

Price levels: 1 different prices over 68 days

Description

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. The first chapters provide a theoretical basis for the rest of the book, showing for instance how higher wages are prone to increasing the level of economic efficiency by getting people to work harder and smarter (mainly smarter). Altman also explains that our understanding of technological change can be markedly improved by modelling technological change as a product of higher wages and improved working conditions and other shocks to the economic system. As the book develops, it is shown that increasing and high levels of income inequality are not necessary for growth and development, because the economic ‘pie’ grows when the economic wellbeing of the lower half and even the middle improves. The evolution of the state can also be better understood by applying this analytical framework. So too can the persistence of inefficient systems of production and cultural traits that appear to be inconsistent with economic prosperity. On top of this, the book examines the implications of Altman’s theoretical framework for macroeconomic analysis and policy. Finally, it is shown that labor supply can be better understood by introducing target income into the analytical mix. The main contribution of this book is providing the theoretical underpinning for why relatively high wages and, moreover, competition with high wages is good for dynamic growth and development. This work establishes why an alternative model of labor supply, based on the notion and reality of target income, does a better job of explaining the evolution of labor supply. The latter also reinforces the view that increasing wage and workers’ benefits should not be expected to damage the economy, even in the realm of labor supply. This book will be of interest to public policy experts, trade unions, human rights experts and scholars of behavioural economics, labour economics and globalization.

Product Specifications

Brand: Routledge
Format: paperback
ASIN: 1138213306
Category: Books > Subjects > Business, Finance & Law > Economics > Economic Policy & Development
Domain: Amazon UK
Release Date: 11 November 2016
Listed Since: 20 April 2016

Barcode

No barcode data available

Routledge Economic Growth and the High Wage Economy: Choices, Constraints and Opportunities in the Market Economy (Routledge Frontiers of Political Economy)

It has never been this cheap. We have no record of a lower price.

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

Economic Growth and the High Wage Economy: Choices, Constraints and Opportunities in the Market Economy: 157 (Routledge Frontiers of Political Economy)

Third Dimension of Labor Markets: Demand, Supply and Institutions in Brazil

Routledge Labour Market Institutions and Productivity Book

Towards a Labour Market in China (Studies on Contemporary China)

Nice Work If You Can Get It: Life and Labor in Precarious Times: 8 (NYU Series in Social and Cultural Analysis)

The Digital Transformation of Labor: Automation, the Gig Economy and Welfare (Routledge Studies in Labour Economics)

Trade and the Labor Market: Effect on Wage Inequality in Japan (SpringerBriefs in Economics)

Routledge Digital Transformation of Labor - Economics Book

Vollbeschäftigung ohne Niedriglohn

The Impact of Minimum Wage Regulations on Educational Incentives for the Youth: An Empirical Analysis for Germany (BestMasters)

Wages, School Quality, and Employment Demand (IZA Prize in Labor Economics)

Income Disparity In China: Crisis Within Economic Miracle

Modern Labor Economics: Theory and Public Policy - International Student Edition

Global Economy in Transition: the European Union and Beyond (Vernon Economics)

The Indonesian Labour Market: Changes and challenges (Routledge Studies in the Modern World Economy)

Routledge Globalization, Labour Markets and Inequality in India

Collective Labour Rights for Self-Employed Workers: A Human Rights-Based Approach of Platform Work (Bulletin of Comparative Labour Relations, 116)

Contributions To The Economics Of International Labor Standards: 59 (World Scientific Studies in International Economics)

Technology, Growth, and the Labor Market

European Labour Law and Social Policy, Cases and Materials Vol 2: Dignity, Equality and Security at Work

Taxes and Unemployment: Collective Bargaining and Efficiency Wage Models

The Working Poor in Europe: Employment, Poverty and Globalization

Developments in Labour Market Analysis: 11 (Routledge Library Editions: Labour Economics)

Global Economy Contested: Power and Conflict across the International Division of Labour: 1 (Rethinking Globalizations)