Profits, Wages and Productivity in the Business Cycle
| Author | : Mitsuhiko Iyoda |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 175 |
| Release | : 2012-12-06 |
| ISBN-10 | : 9789401153768 |
| ISBN-13 | : 9401153760 |
| Rating | : 4/5 (760 Downloads) |
Book Synopsis Profits, Wages and Productivity in the Business Cycle by : Mitsuhiko Iyoda
Download or read book Profits, Wages and Productivity in the Business Cycle written by Mitsuhiko Iyoda and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this book is to explain the changes in specific macroeconomic variables such as the relative share of labour, the profit rate and the real wage rate in advanced capitalist economies, in relation to the influence of the business cycle in income distribution. To explain these changes the author examines three types of theory - Kaldorian theory, the Real Business Cycle theory, and the new Keynesian theory - with a specific focus on Kaldor's approach.