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Employment, Wages and Income Distribution : Critical essays in Economics - Kurt W. Rothschild

Employment, Wages and Income Distribution

Critical essays in Economics

Hardcover

Published: 14th June 1993
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While there is widespread agreement about the goals of economic policy, consensus about how best to achieve them can be harder to reach. In recent years, the controversial issues of full employment and a just distribution of incomes have been downgraded as policy objectives in favor of price stability and balance of payments objectives. This emphasis has been supported by a mainstream economic theory with an unswerving belief in the ability of market forces to achieve a satisfactory regulation of employment and income distribution. Other economists have remained more skeptical, and none more so than Kurt W. Rothschild. One of the most distinguished post-Keynesian economists in the world, he is both an empirical researcher and a gifted theoretician. This volume collects together twenty-two of his most important essays in the area, many of which appear in English for the first time. Throughout, pure theory is linked to relevant practical investigations. As a whole, the collection will be important reading for specialists and students in the fields of labor market and distribution theory and policy, and for macroeconomic theorists in general.

List of figures
List of tables
Preface
Employmentp. 1
Microeconomics of the labour marketp. 3
Full employment - a special situation?p. 9
Is there such a thing as unemployment?p. 19
Is structural unemployment an alibi for economic policy?p. 29
Disguised discrimination and search unemploymentp. 40
The neglect of employment in the international economic orderp. 52
Some reflections on the growth of female labour supply and the tertiary sectorp. 65
Wagesp. 75
Alternative dimensions in the theory of wagesp. 77
Wage levels and employmentp. 101
Approaches to the theory of bargainingp. 108
Wages and risk-bearingp. 118
The Phillips curve and all thatp. 125
Stagflation: how much of the Phillips curve survives?p. 162
Is there a Weitzman miracle?p. 173
Income distributionp. 185
The share of wages in total incomep. 187
The arithmetic and the interpretation of the wage sharep. 221
Some recent contributions to a macroeconomic theory of income distributionp. 236
Different approaches in distribution theoryp. 261
Theme and variations - remarks on the Kaldorian distribution formulap. 276
Some notes on Sydney Weintraub's eclectic theory of income sharesp. 290
Inequality: is income distribution an adequate measure?p. 306
A just distribution of incomes: a dilemma between ethics and economics?p. 322
Indexp. 335
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780415085793
ISBN-10: 0415085799
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 360
Published: 14th June 1993
Publisher: Taylor & Francis Ltd
Country of Publication: GB
Dimensions (cm): 22.9 x 15.2  x 3.02
Weight (kg): 1.12
Edition Number: 1