Politica dei redditi. La linea brutale e la linea civile

Paolo Sylos Labini

Moneta e Credito, 2014, vol. 67, issue 265, 87-93

Abstract: The author discusses the policy of keeping (or not opposing) a certain level of unemployment as a means to promote wage deflation, and identifies it as the "brutal" way to pursue macroeconomic stability. By contrast, Sylos Labini identifies the cost of living and productivity as two other determinants of the wage level, and thus proposes a rich policy of structural reforms as the most civilised way to obtain the same result.

Keywords: income policy; unemployment; deflationary policy (search for similar items in EconPapers)
JEL-codes: D33 E25 E64 (search for similar items in EconPapers)
Date: 2014
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