Contested Economic Institutions : The Politics of Macroeconomics and Wage Bargaining in Advanced Democracies
Book Details
Format
Hardback or Cased Book
Book Series
Cambridge Studies in Comparative Politics
ISBN-10
0521642264
ISBN-13
9780521642262
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
US
Country of Publication
GB
Publication Date
Aug 28th, 1999
Print length
238 Pages
Weight
455 grams
Dimensions
23.60 x 15.90 x 2.10 cms
Product Classification:
Labour / income economicsEmployment & unemploymentPolitical economy
Ksh 14,200.00
Manufactured on Demand
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This book helps explain one of the most politically salient puzzles in comparative political economy: why some countries have much higher unemployment rates than others.
This book helps explain one of the most intriguing and politically salient puzzles in comparative political economy: why some countries have much higher unemployment rates than others. Contrary to new classical economics the focus is on explaining distribution and equilibrium unemployment, and contrary to neo-corporatist theory the role of monetary policy and rational expectation is integral to the analysis. The book makes two central arguments. The first is that monetary policies affect equilibrium employment whenever wages are set above the firm level. The second argument focuses on the distributive effects of different institutions, and models institutional design as a strategic game between partisan governments and cross-class alliances of unions and employers.
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