Global theory of growth and distribution
Jean-Hervé Lorenzi, Alain Villemeur - Collection Economie
112 pages, parution le 07/07/2023
Résumé
This book reflects our conviction that the distribution between labour and capital income determines the conditions for satisfactory economic growth.
The wage-profit distribution has shifted dramatically in favour of profit over the past several decades in the advanced economies, while economic growth has been steadily declining. Since the Great Recession of 2008, economic slowdown and near stagnation have become widespread despite the unconventional fiscal and monetary policies implemented. How can we explain these worrying situations?
David Ricardo was right to consider as early as 1817 that income distribution is a major problem in economics. Our Global Theory of Growth and Distribution sheds light on the current situation; it is based on a new neo-Ricardian model.
Thus, we discover that a distribution of two-thirds wages and one-third profits is optimal for sustainable, resilient, job-rich growth in the long run. Moreover, too high profits penalize growth and productivity, contrary to the supposed trickle-down effects.
This new paradigm must be developed to overcome the many economic challenges of the coming decades (climate change, aging, inequalities) that beset advanced economies.
The wage-profit distribution has shifted dramatically in favour of profit over the past several decades in the advanced economies, while economic growth has been steadily declining. Since the Great Recession of 2008, economic slowdown and near stagnation have become widespread despite the unconventional fiscal and monetary policies implemented. How can we explain these worrying situations?
David Ricardo was right to consider as early as 1817 that income distribution is a major problem in economics. Our Global Theory of Growth and Distribution sheds light on the current situation; it is based on a new neo-Ricardian model.
Thus, we discover that a distribution of two-thirds wages and one-third profits is optimal for sustainable, resilient, job-rich growth in the long run. Moreover, too high profits penalize growth and productivity, contrary to the supposed trickle-down effects.
This new paradigm must be developed to overcome the many economic challenges of the coming decades (climate change, aging, inequalities) that beset advanced economies.
Caractéristiques techniques
| PAPIER | |
| Éditeur(s) | Economica |
| Auteur(s) | Jean-Hervé Lorenzi, Alain Villemeur |
| Collection | Economie |
| Parution | 07/07/2023 |
| Nb. de pages | 112 |
| Format | 15.5 x 24 |
| Couverture | Broché |
| Poids | 300g |
| EAN13 | 9782717872712 |
Avantages Eyrolles.com
Livraison à partir de 0,01 € en France métropolitaine
Paiement en ligne SÉCURISÉ
Livraison dans le monde
Retour sous 15 jours
+ d'un million et demi de livres disponibles
Consultez aussi
- Les meilleures ventes en Graphisme & Photo
- Les meilleures ventes en Informatique
- Les meilleures ventes en Construction
- Les meilleures ventes en Entreprise & Droit
- Les meilleures ventes en Sciences
- Les meilleures ventes en Littérature
- Les meilleures ventes en Arts & Loisirs
- Les meilleures ventes en Vie pratique
- Les meilleures ventes en Voyage et Tourisme
- Les meilleures ventes en BD et Jeunesse
