Archive
Posts Tagged ‘democratic deficit’
On Wage Reduction and the Contract Between Workers and the State
February 17, 2012
2 comments
My colleague Sezgin Polat, of Galatasaray University, has an interesting idea on wages and the burden of the crisis. All the more interesting, that just yesterday the ECB called for further wage flexibility, at a moment in which aggregate demand is despairingly low in the eurozone. Here is Sezgin’s proposal (I shortened it):
Categories: EMU Crisis, Growth, sovereign debt
austerity, democratic deficit, Fiscal Policy, forced savings, Greece, Polat, securitization, sovereign debt, Wage cuts
Keynes Blog
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