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Die Aufgaben der Einkommenspolitik im Rahmen einer keynesianischen Beschäftigungspolitik: Eine Skizze
[The tasks of incomes policy in Keynesian employment policy: a draft]

  • Hein, Eckhard

Recent Post-Keynesian proposals for an economic policy to overcome stagnation and mass unemployment also stress the necessity of incomes policy without precisely specifying the role of such a policy. Starting from the theories of distribution by Kalecki and Kaldor this paper therefore tries to draft the tasks for an incomes policy accompanying a successful employment policy. Here the utilization of the capital stock below normal is distinguished from full utilization and it is shown that incomes policiy is not only needed to avoid inflation by means of wage controls. Under certain conditions incomes policy may also help to stimulate private investment.

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File URL: http://mpra.ub.uni-muenchen.de/19324/1/MPRA_paper_19324.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 19324.

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Date of creation: 1996
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Handle: RePEc:pra:mprapa:19324
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  1. Weitzman, Martin L, 1985. "Profit Sharing as Macroeconomic Policy," American Economic Review, American Economic Association, vol. 75(2), pages 41-45, May.
  2. Weitzman, Martin L, 1985. "The Simple Macroeconomics of Profit Sharing," American Economic Review, American Economic Association, vol. 75(5), pages 937-53, December.
  3. Riese, Hajo, 1981. "Theorie der Produktion und Einkommensverteilung. (With English summary.)," Kyklos, Wiley Blackwell, vol. 34(4), pages 540-62.
  4. Layard, Richard, 1982. "Is Incomes Policy the Answer to Unemployment?," Economica, London School of Economics and Political Science, vol. 49(195), pages 219-39, August.
  5. Arestis, Philip, 1996. "Post-Keynesian Economics: Towards Coherence," Cambridge Journal of Economics, Oxford University Press, vol. 20(1), pages 111-35, January.
  6. Bhaduri, Amit & Marglin, Stephen, 1990. "Unemployment and the Real Wage: The Economic Basis for Contesting Political Ideologies," Cambridge Journal of Economics, Oxford University Press, vol. 14(4), pages 375-93, December.
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