ISBN-13: 9780415273916 / Angielski / Miękka / 2002 / 272 str.
ISBN-13: 9780415273916 / Angielski / Miękka / 2002 / 272 str.
This book addresses an issue that is particularly timely after years of growing income inequality and draconian decreases in welfare support for single mothers which is likely to work increasing hardship as unemployment rises. The authors deserve credit for making it clear throughout that their concern is not so much with economics, as practised by neoclassical economists, as with political economy. The difference, as they make clear, is that the former takes full cognizance of the importance of social conditions and government policies, not merely market forces, in determining wages. This is an important lesson for an economics profession that has tended to resist any efforts to improve upon a wage structure that rewards some with riches beyond the dreams of avarice and leaves others destitute, Marianne Ferber, Professor Emerita, University of Illinois, USA. Wage setting has historically been a deeply political and cultural as well as an economic process.