How Long to Read Economic Growth and the High Wage Economy

How Long Does it Take to Read Economic Growth and the High Wage Economy?

It takes the average reader 6 hours and 14 minutes to read Economic Growth and the High Wage Economy by Morris Altman

Assuming a reading speed of 250 words per minute. Learn more

Description

This book provides a theoretical framework to better understand how firms, economies and labor markets have evolved. This is done in a reader-friendly fashion, without complex mathematical arguments and proofs. Economic Growth and the High Wage Economy shows how high wage economies help make firms and economies more productive and why high wage economies can be competitive even in an increasingly globalized environment. It also demonstrates why concerns that labor supply will dry up as wages increase and social benefits rise are largely based on impoverished economic reasoning. The first chapters provide a theoretical basis for the rest of the book, showing for instance how higher wages are prone to increasing the level of economic efficiency by getting people to work harder and smarter (mainly smarter). Altman also explains that our understanding of technological change can be markedly improved by modelling technological change as a product of higher wages and improved working conditions and other shocks to the economic system. As the book develops, it is shown that increasing and high levels of income inequality are not necessary for growth and development, because the economic ‘pie’ grows when the economic wellbeing of the lower half and even the middle improves. The evolution of the state can also be better understood by applying this analytical framework. So too can the persistence of inefficient systems of production and cultural traits that appear to be inconsistent with economic prosperity. On top of this, the book examines the implications of Altman’s theoretical framework for macroeconomic analysis and policy. Finally, it is shown that labor supply can be better understood by introducing target income into the analytical mix. The main contribution of this book is providing the theoretical underpinning for why relatively high wages and, moreover, competition with high wages is good for dynamic growth and development. This work establishes why an alternative model of labor supply, based on the notion and reality of target income, does a better job of explaining the evolution of labor supply. The latter also reinforces the view that increasing wage and workers’ benefits should not be expected to damage the economy, even in the realm of labor supply. This book will be of interest to public policy experts, trade unions, human rights experts and scholars of behavioural economics, labour economics and globalization.

How long is Economic Growth and the High Wage Economy?

Economic Growth and the High Wage Economy by Morris Altman is 366 pages long, and a total of 93,696 words.

This makes it 124% the length of the average book. It also has 115% more words than the average book.

How Long Does it Take to Read Economic Growth and the High Wage Economy Aloud?

The average oral reading speed is 183 words per minute. This means it takes 8 hours and 32 minutes to read Economic Growth and the High Wage Economy aloud.

What Reading Level is Economic Growth and the High Wage Economy?

Economic Growth and the High Wage Economy is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Economic Growth and the High Wage Economy?

Economic Growth and the High Wage Economy by Morris Altman is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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