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Book synopsis

Martin L. Weitzman, one of America's leading economic theorists, has hit upon a central feature of our economic life as the cause of staflaction: the standard practice of paying workers a fixed wage, regardless of whether a company is doing well or poorly. Weitzman shows why an alternative labor payment system, in which a significant number of firms share profits revenues with their employees, provides immunity against stagflation by automatically soaking up unemployed labor and resisting inflation.

Book details

Book category Books in English Economics, finance, business & management Economics Macroeconomics

• Full title: Share Economy
• Subtitle: Conquering Stagflation
• Author: Martin L. Weitzman
• Language: English
• Binding: Paperback
• Number of pages: 184
• EAN: 9780674805835
• ISBN: 9780674805835
• ID: 06464895
• Publisher: Harvard University Press
• Weight: 227 g
• Dimensions: 210 × 140 × 16 mm
• Date of publishing: 01. July 1990

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