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Rewarding Work

Edmund S Phelps




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 | #1438726 in eBooks |  2009-07-01 |  2009-07-01 | File type: PDF

||0 of 0 people found the following review helpful.| Best Policy Proposal Ever|By ideaman7|Ok, so I read the old edition of this book, but it was phenomenal (if you're into public policy). Every politician and policy wonk should read this book - conservative, liberal, doesn't matter. Everyone wants to (or should want to) help the poor, but no one has a clue how to do that without subsidizing voluntary non-work and children rais| |"Deserves to be widely read and discussed." - The Economist"|About the Author|Edmund S. Phelps is McVickar Professor of Political Economy at Columbia University and winner of the 2006 Nobel Prize in Economics.

Since the 1970s a gulf has opened between the pay of low-paid workers and the pay of the middle class. No longer able to earn a decent wage in respectable work, many have left the labor force, and the job attachment of those remaining has weakened. For Edmund Phelps, this is a failure of political economy whose widespread effects are undermining the free-enterprise system. His solution is a graduated schedule of tax subsidies to enterprises for every low-wage worker they...

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