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Employment, Wages and Income Distribution: Critical Essays in Economics

While there is widespread agreement about the goals of economic policy, consensus about how best to achieve them can be harder to reach. In recent years, the controversial issues of full employment and a just distribution of incomes have been downgraded as policy objectives in favor of price stability and balance of payments objectives. This emphasis has been supported by a mainstream economic theory with an unswerving belief in the ability of market forces to achieve a satisfactory regulation of employment and income distribution.

Other economists have remained more skeptical, and none more so than Kurt W. Rothschild. One of the most distinguished post-Keynesian economists in the world, he is both an empirical researcher and a gifted theoretician. This volume collects together twenty-two of his most important essays in the area, many of which appear in English for the first time. Throughout, pure theory is linked to relevant practical investigations. As a whole, the collection will be important reading for specialists and students in the fields of labor market and distribution theory and policy, and for macroeconomic theorists in general.

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