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

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The Role of Governments in Aligning Functional Income Distribution with Full Employment
 
Spithoven, A.H.G.M.
(2017) Journal of Economic Issues, volume 51, issue 3, pp. 688 - 697
(Article)
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 ... read more
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Keywords: economic policies, Keynesian economics, United States, SCI and SSCI Journals
DOI: https://doi.org/10.1080/00213624.2017.1359035
ISSN: 0021-3624
Publisher: M.E. Sharpe Inc.
(Peer reviewed)
 
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