This paper argues that the polarization of income distribution and the decline in the wage share play an important role in the generation of unbalanced and fragile growth. The authors examine the possibility of an alternative path, a wage-led growth strategy, which is likely to generate a much...

This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.

Books reviewed: Robert Leeson (ed.) (2008): The Keynesian Tradition, Basingstoke Robert Leeson (ed.) (2008): The Anti-Keynesian Tradition, Basingstoke Stefan Ederer (2008): Einkommensverteilung und gesamtwirtschaftliche Nachfrage in Österreich und den Niederlanden, Marburg Neva Goodwin/Julie A....

This book examines the causes and consequences associated with the falling wage share and rising inequality in income distribution, relating to both aggregate demand and labour productivity. It presents new empirical and econometric evidence regarding the economic causes and potential impact of...