Titlebook: Wage-Led Growth; An Equitable Strateg Marc Lavoie (Professor),Engelbert Stockhammer (Pro Book 2013 Palgrave Macmillan, a division of Macmil

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https://doi.org/10.1057/9781137357939economic dynamics; growth; income distribution; inequality; macroeconomics; microeconomics; productivity; s

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Introduction,in the financial sector, but has since spread throughout the economy. National income levels are well below trend and unemployment rates are double their pre-crisis level. In many countries households and governments remain burdened by high debt levels, which prolong subdued demand. In the euro area

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Introduction,in the financial sector, but has since spread throughout the economy. National income levels are well below trend and unemployment rates are double their pre-crisis level. In many countries households and governments remain burdened by high debt levels, which prolong subdued demand. In the euro area

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Wage-led or Profit-led Supply: Wages, Productivity and Investment,erately offend this golden rule and take a detour, treating our readers to a perhaps unusual account of a well-known piece of recent economic history — the ‘Dutch employment miracle’ of the 1980s and 1990s (Blanchard 2000; . 2002). What was so miraculous to many was the sharp and sustained drop in t

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Is Aggregate Demand Wage-led or Profit-led? A Global Model,ral policy reforms since the 1980s. The promise of these reforms was to stimulate private investment and exports, which was expected in turn to generate higher growth, more jobs and trickledown effects. The reasons for this fall have recently been the subject of a growing amount of literature that h