1580235
9780674805835
Martin L. Weitzman, one of America's leading economic theorists, has hit upon a central feature of our economic life as the cause of staflaction: the standard practice of paying workers a fixed wage, regardless of whether a company is doing well or poorly. Weitzman shows why an alternative labor payment system, in which a significant number of firms share profits revenues with their employees, provides immunity against stagflation by automatically soaking up unemployed labor and resisting inflation.Weitzman, Martin L. is the author of 'Share Economy Conquering Stagflation' with ISBN 9780674805835 and ISBN 0674805836.
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