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The Realities and Illusions of the XXIst Century Social Contract

Author

Listed:
  • Wolnicki Miron

    (Villanova University, USA)

  • Piasecki Ryszard

    (University of Lodz)

Abstract

Purpose – The paper aims to clarify the relationship between the rise of the sovereign debt in the G20 and the relative underpayment of labor versus capital.

Suggested Citation

  • Wolnicki Miron & Piasecki Ryszard, 2015. "The Realities and Illusions of the XXIst Century Social Contract," Journal of Intercultural Management, Sciendo, vol. 7(2), pages 165-179, June.
  • Handle: RePEc:vrs:joinma:v:7:y:2015:i:2:p:165-179:n:11
    DOI: 10.1515/joim-2015-0017
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    References listed on IDEAS

    as
    1. Galina Hale & Peter Jones & Mark M. Spiegel, 2014. "The Rise in Home Currency Issuance," Working Paper Series 2014-19, Federal Reserve Bank of San Francisco.
    2. Benabou, Roland, 2005. "Inequality, Technology and the Social Contract," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 25, pages 1595-1638, Elsevier.
    3. Ansgar Belke & Florian Verheyen, 2014. "The Low-Interest-Rate Environment, Global Liquidity Spillovers and Challenges for Monetary Policy Ahead," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 56(2), pages 313-334, June.
    4. Duncan Foley, 2014. "Varieties of Keynesianism," International Journal of Political Economy, Taylor & Francis Journals, vol. 43(1), pages 4-19.
    5. Jürgen Hagen, 2010. "Sticking to fiscal plans: the role of institutions," Public Choice, Springer, vol. 144(3), pages 487-503, September.
    6. International Monetary Fund, 1996. "Budget Processes and Commitment to Fiscal Discipline," IMF Working Papers 1996/078, International Monetary Fund.
    7. Christoph Trebesch & Mr. Michael G. Papaioannou & Mr. Udaibir S Das, 2012. "Sovereign Debt Restructurings 1950-2010: Literature Survey, Data, and Stylized Facts," IMF Working Papers 2012/203, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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