Edmund Phelps on Productivity Slowdown: Limits to Utilitarian Economics

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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 wreiddiolSaesneg
Tudalennau (o-i)357-365
CyfnodolynHomo Oeconomicus
Cyfrol33
Rhif y cyfnodolyn4
Dyddiad ar-lein cynnar23 Awst 2016
Dynodwyr Gwrthrych Digidol (DOIs)
StatwsCyhoeddwyd - Rhag 2016

Cyfanswm lawlrlwytho

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