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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]

Author

Listed:
  • Hein, Eckhard

Abstract

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.

Suggested Citation

  • Hein, Eckhard, 1996. "Die Aufgaben der Einkommenspolitik im Rahmen einer keynesianischen Beschäftigungspolitik: Eine Skizze
    [The tasks of incomes policy in Keynesian employment policy: a draft]
    ," MPRA Paper 19324, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:19324
    as

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    File URL: https://mpra.ub.uni-muenchen.de/19324/1/MPRA_paper_19324.pdf
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    References listed on IDEAS

    as
    1. Layard, Richard, 1982. "Is Incomes Policy the Answer to Unemployment?," Economica, London School of Economics and Political Science, vol. 49(195), pages 219-239, August.
    2. 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 375-393, December.
    3. Weitzman, Martin L, 1985. "Profit Sharing as Macroeconomic Policy," American Economic Review, American Economic Association, vol. 75(2), pages 41-45, May.
    4. Riese, Hajo, 1981. "Theorie der Produktion und Einkommensverteilung. (With English summary.)," Kyklos, Wiley Blackwell, vol. 34(4), pages 540-562.
    5. Weitzman, Martin L, 1985. "The Simple Macroeconomics of Profit Sharing," American Economic Review, American Economic Association, vol. 75(5), pages 937-953, December.
    6. Arestis, Philip, 1996. "Post-Keynesian Economics: Towards Coherence," Cambridge Journal of Economics, Oxford University Press, vol. 20(1), pages 111-135, January.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Incomes policy; employment; aggregate demand; Post-Keynesian economics;

    JEL classification:

    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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