Ethical Codes and Income Distribution: A Study of John Bates Clark and Thorstein Veblen
In: Routledge Studies in the History of Economics Series
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In: Routledge Studies in the History of Economics Series
In: Structural change and economic dynamics, Band 45, S. 105-110
ISSN: 1873-6017
In: International journal of political economy: a journal of translations, Band 43, Heft 1, S. 92-109
ISSN: 1558-0970
In: International journal of political economy: a journal of translations, Band 40, Heft 3, S. 33-49
ISSN: 1558-0970
In: Review of radical political economics, Band 34, Heft 4, S. 463-486
ISSN: 0486-6134
The aim of the paper is to provide an explanation of involuntary unemployment in a classical (post-Ricardian) framework. The model describes a three-stage bargaining process with four agents (governments, firms, unions, workers). In the first stage, firms determine the wage offered, following a short-run version of the wages fund theory. In the second stage, unionists determine the wage demanded, which depends on workers' tendency to conflict, while firms decide the number of employed under a 'right to manage' hypothesis. In the third stage, governments tax the wages fund & pay unemployment benefits. Public intervention is subject to a tradeoff between accumulation & legitimation. 3 Figures, 53 References. Adapted from the source document.
In: History of economics review, Band 33, Heft 1, S. 17-32
ISSN: 1838-6318
In: Journal of post-Keynesian economics, Band 31, Heft 4, S. 605-621
ISSN: 1557-7821
In: Pubblicazioni del Dipartimento di Filosofia
In: Sezione Centro Studi Economici 1