Wages And Prices

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A Perspective of Wages and Prices (Routledge Revivals)

Author : Henry Phelps Brown,Sheila V. Hopkins
Publisher : Routledge
Page : 233 pages
File Size : 53,9 Mb
Release : 2013-06-17
Category : Business & Economics
ISBN : 9781136310201

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A Perspective of Wages and Prices (Routledge Revivals) by Henry Phelps Brown,Sheila V. Hopkins Pdf

First published in book form in 1981, this collection of essays originally written between 1955 and 1966 contains ground-breaking research and analysis on the study of wages and prices across seven centuries, with particular reference to builder’s wage rates and the price of a bundle of the commodities on which these wages might be spent. These seminal contributions to the economics of labour and economic growth did much to fuel the debate surrounding the problems of inflation, stability and changes in the purchasing power of money upon the book’s initial publication. These concerns are every bit as relevant in today’s post credit-crunch society and this reissue will be welcomed by all students of economic history and labour economics.

Investigation Relative to Wages and Prices of Commodities: Wages and prices in United States and abroad

Author : United States. Congress. Senate. Select committee on wages and prices of commodities
Publisher : Unknown
Page : 910 pages
File Size : 43,8 Mb
Release : 1911
Category : Cost and standard of living
ISBN : LOC:00186824775

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Investigation Relative to Wages and Prices of Commodities: Wages and prices in United States and abroad by United States. Congress. Senate. Select committee on wages and prices of commodities Pdf

Investigation Relative to Wages and Prices of Commodities

Author : United States. Congress. Senate. Select committee on wages and prices of commodities
Publisher : Unknown
Page : 1170 pages
File Size : 42,7 Mb
Release : 1911
Category : Cost and standard of living
ISBN : UIUC:30112051319637

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Investigation Relative to Wages and Prices of Commodities by United States. Congress. Senate. Select committee on wages and prices of commodities Pdf

Inflation Targeting

Author : Ben S. Bernanke,Thomas Laubach,Frederic S. Mishkin,Adam S. Posen
Publisher : Princeton University Press
Page : 393 pages
File Size : 54,5 Mb
Release : 2018-06-05
Category : Business & Economics
ISBN : 9780691187396

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Inflation Targeting by Ben S. Bernanke,Thomas Laubach,Frederic S. Mishkin,Adam S. Posen Pdf

How should governments and central banks use monetary policy to create a healthy economy? Traditionally, policymakers have used such strategies as controlling the growth of the money supply or pegging the exchange rate to a stable currency. In recent years a promising new approach has emerged: publicly announcing and pursuing specific targets for the rate of inflation. This book is the first in-depth study of inflation targeting. Combining penetrating theoretical analysis with detailed empirical studies of countries where inflation targeting has been adopted, the authors show that the strategy has clear advantages over traditional policies. They argue that the U.S. Federal Reserve and the European Central Bank should adopt this strategy, and they make specific proposals for doing so. The book begins by explaining the unique features and advantages of inflation targeting. The authors argue that the simplicity and openness of inflation targeting make it far easier for the public to understand the intent and effects of monetary policy. This strategy also increases policymakers' accountability for inflation performance and can accommodate flexible, even "discretionary," monetary policy actions without sacrificing central banks' credibility. The authors examine how well variants of this approach have worked in nine countries: Germany and Switzerland (which employ a money-focused form of inflation targeting), New Zealand, Canada, the United Kingdom, Sweden, Israel, Spain, and Australia. They show that these countries have typically seen lower inflation, lower inflation expectations, and lower nominal interest rates, and have found that one-time shocks to the price level have less of a "pass-through" effect on inflation. These effects, in turn, are improving the climate for economic growth. The authors warn, however, that the success of inflation targeting depends on operational details, such as how the targets are defined and when they are announced. They also show that inflation targeting is not a panacea that can make inflation perfectly predictable or reduce it without economic costs. Clear, balanced, and authoritative, Inflation Targeting is a groundbreaking study that will have a major impact on the debate over the right monetary strategy for the coming decades. As a unique comparative study of what central banks actually do in different countries around the world, this book will also be invaluable to anyone interested in how economic policy is made.

A Perspective of Wages and Prices (Routledge Revivals)

Author : Henry Phelps Brown,Sheila V. Hopkins
Publisher : Routledge
Page : 260 pages
File Size : 45,6 Mb
Release : 2013-06-17
Category : Business & Economics
ISBN : 9781136310195

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A Perspective of Wages and Prices (Routledge Revivals) by Henry Phelps Brown,Sheila V. Hopkins Pdf

First published in book form in 1981, this collection of essays originally written between 1955 and 1966 contains ground-breaking research and analysis on the study of wages and prices across seven centuries, with particular reference to builder’s wage rates and the price of a bundle of the commodities on which these wages might be spent. These seminal contributions to the economics of labour and economic growth did much to fuel the debate surrounding the problems of inflation, stability and changes in the purchasing power of money upon the book’s initial publication. These concerns are every bit as relevant in today’s post credit-crunch society and this reissue will be welcomed by all students of economic history and labour economics.

Six Centuries of Work & Wages

Author : James Edwin Thorold Rogers
Publisher : Unknown
Page : 602 pages
File Size : 42,6 Mb
Release : 1894
Category : Great Britain
ISBN : UGA:32108001725087

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Six Centuries of Work & Wages by James Edwin Thorold Rogers Pdf

Forty Centuries of Wage and Price Controls

Author : Robert L. Schuettinger.,Eamonn F. Butler
Publisher : Ludwig von Mises Institute
Page : 194 pages
File Size : 51,9 Mb
Release : 1979
Category : Political Science
ISBN : 9781610165259

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Forty Centuries of Wage and Price Controls by Robert L. Schuettinger.,Eamonn F. Butler Pdf

The Mises Institute is thrilled to bring back this popular guide to ridiculous economic policy from the ancient world to modern times. This outstanding history illustrates the utter futility of fighting the market process through legislation. It always uses despotic measures to yield socially catastrophic results. It covers the ancient world, the Roman Republic and Empire, Medieval Europe, the first centuries of the U.S. and Canada, the French Revolution, the 19th century, World Wars I and II, the Nazis, the Soviets, postwar rent control, and the 1970s. It also includes a very helpful conclusion spelling out the theory of wage and price controls. This book is a treasure, and super entertaining!

Why Wages Don't Fall during a Recession

Author : Truman F. BEWLEY,Truman F Bewley
Publisher : Harvard University Press
Page : 538 pages
File Size : 40,9 Mb
Release : 2009-06-30
Category : Business & Economics
ISBN : 9780674020900

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Why Wages Don't Fall during a Recession by Truman F. BEWLEY,Truman F Bewley Pdf

A deep question in economics is why wages and salaries don't fall during recessions. This is not true of other prices, which adjust relatively quickly to reflect changes in demand and supply. Although economists have posited many theories to account for wage rigidity, none is satisfactory. Eschewing "top-down" theorizing, Truman Bewley explored the puzzle by interviewing--during the recession of the early 1990s--over three hundred business executives and labor leaders as well as professional recruiters and advisors to the unemployed. By taking this approach, gaining the confidence of his interlocutors and asking them detailed questions in a nonstructured way, he was able to uncover empirically the circumstances that give rise to wage rigidity. He found that the executives were averse to cutting wages of either current employees or new hires, even during the economic downturn when demand for their products fell sharply. They believed that cutting wages would hurt morale, which they felt was critical in gaining the cooperation of their employees and in convincing them to internalize the managers' objectives for the company. Bewley's findings contradict most theories of wage rigidity and provide fascinating insights into the problems businesses face that prevent labor markets from clearing. Table of Contents: Acknowledgments 1. Introduction 2. Methods 3. Time and Location 4. Morale 5. Company Risk Aversion 6. Internal Pay Structure 7. External Pay Structure 8. The Shirking Theory 9. The Pay of New Hires in the Primary Sector 10. Raises 11. Resistance to Pay Reduction 12. Experiences with Pay Reduction 13. Layoffs 14. Severance Benefits 15. Hiring 16. Voluntary Turnover 17. The Secondary Sector 18. The Unemployed 19. Information, Wage Rigidity, and Labor Negotiations 20. Existing Theories 21. Remarks on Theory 22. Whereto from Here? Notes References Index Reviews of this book: In Why Wages Don't Fall During A Recession, [Truman Bewley] tackles one of the oldest, and most controversial, puzzles in economics: why nominal wages rarely fall (and real wages do not fall enough) when unemployment is high. But he does so in a novel way, through interviews with over 300 businessmen, union leaders, job recruiters and unemployment counsellors in the north-eastern United States during the early 1990s recession...Mr. Bewley concludes that employers resist pay cuts largely because the savings from lower wages are usually outweighed by the cost of denting workers' morale: pay cuts hit workers' standard of living and lower their self-esteem. Falling morale raises staff turnover and reduces productivity...Mr. Bewley's theory has some interesting implications...[and] has a ring of truth to it. --The Economist Reviews of this book: This contribution to the growing literature on behavioral macroeconomics threatens to disturb the tranquil state of macroeconomic theory that has prevailed in recent years...Bewley's argument will be hard for conventional macroeconomists to ignore, partly because of the extraordinary thoroughness and honesty with which he evidently conducted his investigation, and the sheer volume of evidence he provides...Although Bewley's work will not settle the substantive debates related to wage rigidity, it is likely to have a profound influence on the way macroeconomists construct models. In particular, the concepts of morale, fairness, and money illusion are almost certain to play a big role in macroeconomic theory. His demonstration that there exist in reality simple, robust behavioral patters that cannot plausibly be founded on traditional maximizing behabior also raises the prospect of a more empirically oriented, more behavioral macroeconomics in the future. --Peter Howitt, journal of Economic Literature Reviews of this book: I think any scholar interested in labour markets and wage determination should read this well-written, lively, and highly stimulating book...[It] provides a fresh view and a lot of complementary background knowledge about how experienced people in the field see the employment relationship and what is actually crucial. Knowledge of this sort is all too rare in economics, and Truman Bewley's truly impressive study can serve as a role model for future investigations. --Simon G'chter, Journal of Institutional and Theoretical Economics To call this book a breath of fresh air is an understatement. The direct insights are fascinating, and Truman Bewley's use of them is sharp and insightful. Labor economists and macroeconomists have a lot to think about. --Robert M. Solow, Nobel Laureate, Institute Professor of Economics, Emeritus, Massachusetts Institute of Technology Truman Bewley set out to conduct a handful of interviews with business executives to gain some theoretical inspiration, and his project blossomed into over 300 interviews with business people, labor leaders and consultants. He is truly the accidental interviewer of economics. Time and again, he found that workers behave like people, not atomistic, selfish economic agents. His insights will engage and enrage economic theorists and empiricists for years to come. --Alan Krueger, Bendheim Professor of Economics and Public Affairs, Princeton University

Minimum Wages

Author : David Neumark,William L. Wascher
Publisher : MIT Press
Page : 389 pages
File Size : 46,6 Mb
Release : 2008
Category : Income distribution
ISBN : 9780262141024

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Minimum Wages by David Neumark,William L. Wascher Pdf

A comprehensive review of evidence on the effect of minimum wages on employment, skills, wage and income distributions, and longer-term labor market outcomes concludes that the minimum wage is not a good policy tool.

The Structure of Wages

Author : Edward P. Lazear,Kathryn L. Shaw
Publisher : University of Chicago Press
Page : 473 pages
File Size : 44,6 Mb
Release : 2009-05-15
Category : Business & Economics
ISBN : 9780226470511

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The Structure of Wages by Edward P. Lazear,Kathryn L. Shaw Pdf

The distribution of income, the rate of pay raises, and the mobility of employees is crucial to understanding labor economics. Although research abounds on the distribution of wages across individuals in the economy, wage differentials within firms remain a mystery to economists. The first effort to examine linked employer-employee data across countries, The Structure of Wages:An International Comparison analyzes labor trends and their institutional background in the United States and eight European countries. A distinguished team of contributors reveal how a rising wage variance rewards star employees at a higher rate than ever before, how talent becomes concentrated in a few firms over time, and how outside market conditions affect wages in the twenty-first century. From a comparative perspective that examines wage and income differences within and between countries such as Denmark, Italy, and the Netherlands, this volume will be required reading for economists and those working in industrial organization.

Investigation Relative to Wages and Prices of Commodities: Wholesale and retail prices in United States and abroad, and index

Author : United States. Congress. Senate. Select committee on wages and prices of commodities
Publisher : Unknown
Page : 274 pages
File Size : 41,7 Mb
Release : 1911
Category : Cost and standard of living
ISBN : NYPL:33433019184179

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Investigation Relative to Wages and Prices of Commodities: Wholesale and retail prices in United States and abroad, and index by United States. Congress. Senate. Select committee on wages and prices of commodities Pdf

Comparative Wages, Prices, and Cost of Living

Author : Carroll Davidson Wright,Massachusetts. Bureau of Statistics of Labor
Publisher : Unknown
Page : 278 pages
File Size : 45,7 Mb
Release : 1889
Category : Cost and standard of living
ISBN : WISC:89071501472

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Comparative Wages, Prices, and Cost of Living by Carroll Davidson Wright,Massachusetts. Bureau of Statistics of Labor Pdf

The Wage-price Guideposts

Author : John Sheahan,Brookings Institution
Publisher : Washington : Brookings Institution
Page : 238 pages
File Size : 51,6 Mb
Release : 1967
Category : Business & Economics
ISBN : UCAL:B3377524

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The Wage-price Guideposts by John Sheahan,Brookings Institution Pdf

Study of anti-inflationary measures in the USA in respect of price stabilisation and wage policy - covers the effect of the economic guideposts on wage and price control, profit and investment behaviour, economic growth, labour disputes, and legal aspects of mandatory control and the efficiency thereof, etc., and includes a survey of related experience in western European countries and japan. References, and selected bibliography pp. 207 to 212.

The Price We Pay

Author : Marty Makary
Publisher : Bloomsbury Publishing USA
Page : 305 pages
File Size : 43,8 Mb
Release : 2019-09-10
Category : Health & Fitness
ISBN : 9781635574128

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The Price We Pay by Marty Makary Pdf

New York Times bestseller Business Book of the Year--Association of Business Journalists From the New York Times bestselling author comes an eye-opening, urgent look at America's broken health care system--and the people who are saving it--now with a new Afterword by the author. "A must-read for every American." --Steve Forbes, editor-in-chief, FORBES One in five Americans now has medical debt in collections and rising health care costs today threaten every small business in America. Dr. Makary, one of the nation's leading health care experts, travels across America and details why health care has become a bubble. Drawing from on-the-ground stories, his research, and his own experience, The Price We Pay paints a vivid picture of the business of medicine and its elusive money games in need of a serious shake-up. Dr. Makary shows how so much of health care spending goes to things that have nothing to do with health and what you can do about it. Dr. Makary challenges the medical establishment to remember medicine's noble heritage of caring for people when they are vulnerable. The Price We Pay offers a road map for everyday Americans and business leaders to get a better deal on their health care, and profiles the disruptors who are innovating medical care. The movement to restore medicine to its mission, Makary argues, is alive and well--a mission that can rebuild the public trust and save our country from the crushing cost of health care.

Wages, Prices, Profits and Economic Policy

Author : University of Toronto. Centre for Industrial Relations
Publisher : Unknown
Page : 166 pages
File Size : 54,8 Mb
Release : 1968
Category : Canada
ISBN : UCAL:$B670055

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Wages, Prices, Profits and Economic Policy by University of Toronto. Centre for Industrial Relations Pdf