LEADER 03767nam 2200721 a 450 001 9910452319503321 005 20200520144314.0 010 $a1-138-21330-6 010 $a0-203-11497-3 010 $a1-136-29340-X 035 $a(CKB)2550000001096215 035 $a(EBL)1244675 035 $a(OCoLC)852758076 035 $a(SSID)ssj0000917947 035 $a(PQKBManifestationID)12357104 035 $a(PQKBTitleCode)TC0000917947 035 $a(PQKBWorkID)10894728 035 $a(PQKB)11430863 035 $a(OCoLC)852159201 035 $a(MiAaPQ)EBC1244675 035 $a(CaSebORM)9780415232623 035 $a(Au-PeEL)EBL1244675 035 $a(CaPaEBR)ebr10728293 035 $a(CaONFJC)MIL502793 035 $a(OCoLC)880901559 035 $a(EXLCZ)992550000001096215 100 $a20130713d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aEconomic growth and the high wage economy$b[electronic resource] $echoices, constraints and opportunities in the market economy /$fMorris Altman 205 $a1st edition 210 $aLondon ;$aNew York $cRoutledge$dc2012 215 $a1 online resource (673 p.) 225 0 $aRoutledge frontiers of political economy ;$v158 300 $aDescription based upon print version of record. 311 $a0-415-23262-7 311 $a1-299-71542-7 320 $aIncludes bibliographical references and index. 327 $aCover; Title; Copyright; Dedication; Contents; List of figures, tables and charts; 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 a determinant of material welfare; 7 Sens's capabilities approach and economic welfare 327 $a8 Economic growth, ""globalization,"" and labor power9 Staple theory and export-led growth: constructing differential growth; 10 Economic freedom and economic growth and development; 11 A theory of induced institutional change; 12 Why high wages don't cause unemployment; 13 When wants are insatiable: a target income theory of labor supply; 14 Why unemployment insurance can increase economic efficiency; Notes; Bibliography; Index 330 $aThis 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.