Edmund Phelps on Productivity Slowdown: Limits to Utilitarian Economics
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- 2016 Edmund Phelps on Productivity Slowdown
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Nobel Laureate economist Edmund Phelps blames the increasing marginalisation of a large number of workers in unstimulating jobs on low wages as a contributory factor to productivity slowdown in the West. He blames utilitarian economics because it cannot accommodate the idea of social inclusion. In our view, the problem is best understood as a manifestation of the poverty of the theory of prices governing the allocation of resources.
Allweddeiriau
| Iaith wreiddiol | Saesneg |
|---|---|
| Tudalennau (o-i) | 357-365 |
| Cyfnodolyn | Homo Oeconomicus |
| Cyfrol | 33 |
| Rhif y cyfnodolyn | 4 |
| Dyddiad ar-lein cynnar | 23 Awst 2016 |
| Dynodwyr Gwrthrych Digidol (DOIs) | |
| Statws | Cyhoeddwyd - Rhag 2016 |
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