The Share Economy: Conquering Stagflation

Martin L. Weitzman

ISBN 10: 0674805828 / ISBN 13: 9780674805828

Published by Harvard University Press, 1984

About this Item

First Edition, first impression. Posted within 1 working day. 1st class tracked post to the UK, Airmail with tracking worldwide. Robust recyclable packaging. Picture is the actual item.

Seller Inventory # 252035

Bibliographic Details

• Title: The Share Economy: Conquering Stagflation
• Publisher: Harvard University Press
• Publication Date: 1984
• Language: English
• ISBN 10: 0674805828
• ISBN 13: 9780674805828
• Binding: hardcover
• Edition: First Edition.
• Condition: Very Good
• Dust Jacket Condition: Good Jacket
• Weight: 13 ounces
• Seller catalogs:
  • Economics Finance and Money

About this title

Synopsis

A leading economist argues that the implementation of an alternative labor payment system, in which a significant number of firms share profits or revenues with their employees--as opposed to the current fixed-wage system-would provide immunity against stagflation

From the Back Cover

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.