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Efficiency wages, mark-up pricing and effective demand

In: THE ECONOMICS OF RESTRUCTURING AND INTERVENTION

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  • Peter Skott

Abstract

The Economics of Restructuring and Intervention carries forward the work of Marx, Kalecki, Keynes and Kaldor in analysing questions of growth, distribution and government intervention. It will be essential reading for all those wishing to understand the massive economic and political shifts as we enter the 1990s – the globalization of markets and production, continued growth of the Third World and East European debt, the emerging digital economy. Political debates thrown up by these economic, industrial and technological developments are subject to rigorous scrutiny and critique – from the employment effects of wage cuts to the calls for ‘supply side socialism’.

Suggested Citation

  • Peter Skott, 1991. "Efficiency wages, mark-up pricing and effective demand," Chapters, in: Jonathan Michie (ed.), THE ECONOMICS OF RESTRUCTURING AND INTERVENTION, chapter 8, pages 138-151, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:312_8
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    2. Skott, Peter, 2005. "Fairness as a source of hysteresis in employment and relative wages," Journal of Economic Behavior & Organization, Elsevier, vol. 57(3), pages 305-331, July.
    3. Boggio, Luciano, 2009. "Long-run effects of low-wage countries' growing competitiveness and exports of manufactures," Structural Change and Economic Dynamics, Elsevier, vol. 20(1), pages 38-49, March.
    4. Soon Ryoo & Peter Skott, 2008. "Financialization in Kaleckian Economies with and without Labor Constraints," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 5(2), pages 357-386.
    5. Philip Arestis & Iris Biefang-Frisancho Mariscal, 1997. "Conflict, Effort and Capital Stock in UK Wage Determination," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 24(3), pages 179-193, October.

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