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The Share Economy

Af: Martin L. Weitzman Engelsk Paperback
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kr 52

The Share Economy

Af: Martin L. Weitzman Engelsk Paperback
In the pages of this intriguing volume, a cure to stagflation seems to be at hand. Martin L. Weitzman, one of America’s leading economic theorists, has hit upon a central feature of our economic life as the cause of this chronic malady: the standard practice of paying workers a fixed wage, regardless of whether a company is doing well or poorly. Weitzman shows in a clear straightforward way that an alternative labor payment system, in which a significant number of firms share profits or revenues with their employees (like the Japanese bonus system), provides immunity against stagflation; an economy of such firms automatically soaks up unemployed labor and resists inflation. Under the Weitzman system, firms always have an incentive to take on more workers because the additional worker is paid only a fraction or share of the revenue he brings into the firm. General Motors and Eastern Airlines have already taken steps to implement profit and revenue sharing. Here, for the first time, is a lucid explanation and justification of share systems. Eschewing theoretically unsound schemes such as supply-side tax cuts and industrial policy on the one hand and macroeconomic sledgehammer “cures” on the other, The Share Economy provides a powerful and hopeful account of what may become the most important economic innovation of our time.
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In the pages of this intriguing volume, a cure to stagflation seems to be at hand. Martin L. Weitzman, one of America’s leading economic theorists, has hit upon a central feature of our economic life as the cause of this chronic malady: the standard practice of paying workers a fixed wage, regardless of whether a company is doing well or poorly. Weitzman shows in a clear straightforward way that an alternative labor payment system, in which a significant number of firms share profits or revenues with their employees (like the Japanese bonus system), provides immunity against stagflation; an economy of such firms automatically soaks up unemployed labor and resists inflation. Under the Weitzman system, firms always have an incentive to take on more workers because the additional worker is paid only a fraction or share of the revenue he brings into the firm. General Motors and Eastern Airlines have already taken steps to implement profit and revenue sharing. Here, for the first time, is a lucid explanation and justification of share systems. Eschewing theoretically unsound schemes such as supply-side tax cuts and industrial policy on the one hand and macroeconomic sledgehammer “cures” on the other, The Share Economy provides a powerful and hopeful account of what may become the most important economic innovation of our time.
Se mere i:
Produktdetaljer
Sprog: Engelsk
Sider: 184
ISBN-13: 9780674805835
Indbinding: Paperback
Udgave:
ISBN-10: 0674805836
Kategori: Makroøkonomi
Udg. Dato: 1 jan 1986
Længde: 16mm
Bredde: 126mm
Højde: 204mm
Forlag: Harvard University Press
Oplagsdato: 1 jan 1986
Forfatter(e): Martin L. Weitzman
Forfatter(e) Martin L. Weitzman


Kategori Makroøkonomi


Sprog Engelsk


Indbinding Paperback


Sider 184


Udgave


Længde 16mm


Bredde 126mm


Højde 204mm


Udg. Dato 1 jan 1986


Oplagsdato 1 jan 1986

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