Labour Markets, Social Justice and Economic Efficiency.
In conventional economic theory, a trade-off supposedly exists between social justice and economic efficiency. In reality, market and other economic institutions are dominated by power relations, so that the sponsorship of social justice is a productive factor. Neo-liberal economic policies, by lifting the constraints on the exercise of unequal power, increased injustice and triggered a downward economic and social spiral. Reversing this requires a revolution in economic theory and policy focused on full employment, the working of labour markets, the organisation of work, and household organisation, social provision and self-sufficiency. Copyright 2000 by Oxford University Press.
Year of publication: |
2000
|
---|---|
Authors: | Kitson, Michael ; Martin, Ron ; Wilkinson, Frank |
Published in: |
Cambridge Journal of Economics. - Oxford University Press. - Vol. 24.2000, 6, p. 631-41
|
Publisher: |
Oxford University Press |
Saved in:
Saved in favorites
Similar items by person
-
Labour markets, social justice and economic efficiency
Kitson, Michael, (2000)
-
Labour markets, social justice and economic efficiency
Kitson, Michael, (2000)
-
The economics of New Labour : policy and performance
Kitson, Michael, (2007)
- More ...