Stock Image

The Political Economy of Wages and Unemployment: A Neoclassical Exploration

Coleman, William Oliver

0 ratings by Goodreads
ISBN 10: 1848446578 / ISBN 13: 9781848446571
Published by Edward Elgar Pub
New Condition: New Hardcover
From PLANET BOOKS (WELLINGTON, FL, U.S.A.)

AbeBooks Seller Since May 8, 2009

Quantity Available: 1

Buy New
List Price: US$ 128.00
Price: US$ 47.15 Convert Currency
Shipping: US$ 3.99 Within U.S.A. Destination, Rates & Speeds
Add to basket

30 Day Return Policy

About this Item

1848446578 BRAND NEW. GIFT QUALITY!. Bookseller Inventory # 557.043

Ask Seller a Question

Bibliographic Details

Title: The Political Economy of Wages and ...

Publisher: Edward Elgar Pub

Binding: Hardcover

Book Condition:New

About this title

Synopsis:

In this tightly argued work William Coleman explores the macroeconomic implications of politically based restraints on competition in labour markets. Through a suite of compact models the author investigates the consequences of the labour force securing the best terms of sale for its labour by means of the electoral mechanism. He concludes that such 'electorally optimal' labour regulation can explain not only wage rigidity and unemployment, but also wage volatility; episodes of excess demand for labour; the co-existence of an inefficient state sector with an efficient private sector; and the preference for a minimum wage over a universal wage regulation. Finally, the approach can rationalise nominal wage rigidity, and not solely real wage rigidity. In sum, the analysis promises to both complete the Classical explanation of unemployment by predicting when, why and how real wages will be rigid, and at the same time to better secure Keynesian insights by suggesting how money rigidity may be characteristic of electorally optimal labour regulation. The Political Economy of Wages and Unemployment will prove a challenging and stimulating read for academics, students and researchers of economics generally, and more specifically, those with a special interest in macroeconomics and labour economics.

About the Author:

William Oliver Coleman, Reader, The Australian National University, Australia

"About this title" may belong to another edition of this title.

Store Description

In business since 1998 selling books online. We specialize in scholarly non fiction books for a large variety of academic subjects.

Visit Seller's Storefront

Terms of Sale:

We guarantee the condition of every book to be as it is described on the
Abebooks marketplace. If you're dissatisfied with your purchase (Incorrect
Book/Not as Described/Damaged) or if the order hasn't arrived, you're eligible
for a refund within 30 days of the estimated delivery date.

PLANET BOOKS
GLENN DENARA
gdenara@comcast.net
631-827-0401


Shipping Terms:

Orders usually ship within 2 business days. Shipping costs are based on books
weighing 2.2 LB, or 1 KG. If your book order is heavy or over sized, we may
contact you to let you know extra shipping is required.

List this Seller's Books

Payment Methods
accepted by seller

Visa Mastercard American Express