Wage-Led Growth

1. Front Matter

   Pages i-xiv

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2. Introduction

   • Marc Lavoie, Engelbert Stockhammer

   Pages 1-12

3. Wage-led Growth: Concept, Theories and Policies

   • Marc Lavoie, Engelbert Stockhammer

   Pages 13-39

4. Why Have Wage Shares Fallen? An Analysis of the Determinants of Functional Income Distribution

   • Engelbert Stockhammer

   Pages 40-70

5. Is Aggregate Demand Wage-led or Profit-led? A Global Model

   • Özlem Onaran, Giorgos Galanis

   Pages 71-99

6. Wage-led or Profit-led Supply: Wages, Productivity and Investment

   • Servaas Storm, C. W. M. Naastepad

   Pages 100-124

7. The Role of Income Inequality as a Cause of the Great Recession and Global Imbalances

   • Simon Sturn, Till van Treeck

   Pages 125-152

8. Financialization, the Financial and Economic Crisis, and the Requirements and Potentials for Wage-led Recovery

   • Eckhard Hein, Matthias Mundt

   Pages 153-186

9. Back Matter

   Pages 187-193

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This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.

• economic dynamics
• growth
• income distribution
• inequality
• macroeconomics
• microeconomics
• productivity
• strategy

• Department of Economics, University of Ottawa, Canada

  Marc Lavoie

• Kingston University, UK

  Engelbert Stockhammer

Giorgos Galanis, New Economics Foundation, UK Eckhard Hein, Berlin School of Economics and Law, Germany Marc Lavoie, University of Ottawa, Canada Matthias Mundt, Berlin School of Economics and Law, Germany C.W.M. (Ro) Naastepad, Delft University of Technology, The Netherlands Özlem Onaran, University of Greenwich, UK Engelbert Stockhammer, Kingston University, UK Servaas Storm, Delft University of Technology, The Netherlands Simon Sturn, University of Massachusetts in Amherst, USA Till van Treeck, University of Duisburg-Essen, Germany.

Policies and ethics