The Role of Governments in Aligning Functional Income Distribution with Full Employment

Antoon Spithoven

Journal of Economic Issues, 2017, vol. 51, issue 3, 688-697

Abstract: Demand is an incentive for investment. The latter is necessary to create employment. If demand lags behind supply, then unemployment and underemployment rise. Persistent unemployment and underemployment indicate a dysfunctional price mechanism. Then, only governments can stimulate demand. They may equalize ex ante saving and investment by public investment, income redistribution, or market regulation.

Date: 2017
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DOI: 10.1080/00213624.2017.1359035

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