Worker Satisfaction and Economic Performance
Regular price
€40.99
14 days return policy
Shipping & Delivery
A01=Morris Altman
Author_Morris Altman
Capita Output
Category=KCF
Category=KCS
Conventional Economic Wisdom
economic performance
Efficiency Wage
Effort Discretion
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Expert Billiard Player
Firm Hierarchy
free market economics
High Wage Firms
human agency
Isocost Curve
Isocost Line
Labor Compensation
Labor Market Discrimination
Low Wage Economies
Low Wage Firms
Low Wage Regime
Marginal Cost Curve
Marginal Revenue Product Curve
Minimum Wage Legislation
Nondiscriminating Employer
Pay Inequality
Porter Hypothesis
Production Possibility Frontier
Survival Principle
Vice Versa
wage determination
worker satisfaction
X-efficiency Theory
X-inefficient Firms
Product details
- ISBN 9780765605924
- Weight: 453g
- Dimensions: 152 x 229mm
- Publication Date: 31 Aug 2001
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
Secure
checkout
Fast Shipping
Easy returns
This book challenges some of the fundamental tenets of "free market" economics that have had a profound impact on public policy and the plight of the American worker. These include the beliefs that high wages inevitably mean low profits; that a "free" market will automatically reduce discrimination and pay inequality; that anti-trust legislation hinders competitive market forces; and that minimum wage laws and trade unions negatively impact the economy.
Using both theoretical analysis and real-life examples, the author shows that these myths are a product of unrealistic behavioral assumptions on the part of "free market" economists about the typical worker. In fact, as the author makes clear, the level of workers' satisfaction with their jobs, as a reflection of how well they are paid and treated by their employers, has a direct impact on the quality level of the products they produce and, inevitably, the economic performance of the firms.
Morris Altman has published over fifty refereed papers in behavioral economics, economic history, and empirical macroeconomics and is the author of Human Agency and Material Welfare: Revisions in Microeconomics and Their Implications for Public Policy (1996). He is currently Professor and Head of the Department of Economics at the University of Saskatchewan. He has been a Halbert Visiting Professor at the Hebrew University in Jerusalem and a Visiting Scholar at Stanford, Comell, and Duke universities. Apart from his recent appointment as the new editor of the Journal of Socio-Economics, Altman also served as an Associate Editor of the Journal of Economic Psychology. He is also on the executive boards of the Society for Advancement of Behavioral Economics (SABE), the International Association for Research in Economic Psychology (IAREP), and the Association for Social Economics (ASE).
