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

Hypopnea

objection

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

CREEK

The Role of Income Inequality as a Cause of the Great Recession and Global Imbalances,ow reckon that inequality was a root cause of the financial crisis’. Similarly, IMF-ILO (2010, p. 8) conclude: ‘In the wake of the current crisis there is an emerging view about the importance of growing inequality as one of the causes of global crises past and present.’ Indeed, in recent years ther

催眠药

Financialization, the Financial and Economic Crisis, and the Requirements and Potentials for Wage-ltarted with the collapse of the sub prime mortgage market in the United States in summer 2007, and it gained momentum following the collapse of Lehman Brothers in September 2008. Under the conditions of deregulated and liberalized international financial markets, the financial and real crisis spread

Melatonin

Financialization, the Financial and Economic Crisis, and the Requirements and Potentials for Wage-ltarted with the collapse of the sub prime mortgage market in the United States in summer 2007, and it gained momentum following the collapse of Lehman Brothers in September 2008. Under the conditions of deregulated and liberalized international financial markets, the financial and real crisis spread

euphoria

falsehood

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Awning

Is Aggregate Demand Wage-led or Profit-led? A Global Model,2007; ILO/IILS, 2011; Rodrik, 1997; Diwan, 2001; Harrison, 2002; Onaran, 2009; Rodriguez and Jayadev, 2010; Stockhammer, 2011). This chapter offers a theoretical and empirical assessment of the effects of this pro-capital redistribution of income on growth at both national and global levels.

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