Welfare Capitalism in Post-Industrial Times: Trilemma or Power Over Rents?

Welfare Capitalism in Post-Industrial Times: Trilemma or Power Over Rents?
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后工业时代的福利资本主义:三难困境还是租金权力?

DOI:
10.1080/13563467.2017.1393405
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发表时间:
2017
影响因子:
4.2
通讯作者:
Lewis P
Lewis P
中科院分区:
经济学2区
文献类型:
--
作者:
Lewis P

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“后工业”经济的结构被广泛认为是福利资本主义的问题,因为与制造业相比,服务业的生产率增长存在固有的限制。所谓的后工业三难困境只允许相对收入平等、高就业水平和财政平衡中的两个,并导致了广泛的政策信念,即收入不平等加剧和福利国家紧缩是不可避免的。本文挑战了这种理解的微观基础,即经济价值的生产是由商品和服务固有的物理属性在技术上决定的。相比之下,我们认为,理论上,并证明经验,生产,分配和分配是偶然的过程,更好地设想在“权力租金”与相关的部门之间的外部性。我们的分析表明,后工业时代的三难理论可能过度分散了对再分配政治潜力的研究,以实现可持续的生产率增长水平,财政平衡和更高水平的收入平等。
The structure of ‘post-industrial’ economies is widely held to be problematic for welfare capitalism, because of inherent limits to productivity growth in services compared to manufacturing. The so-called post-industrial trilemma is suggested to allow only two of relative earnings equality, high levels of employment and fiscal balance, and has resulted in the widespread policy belief that greater earnings inequality and welfare state retrenchment are unavoidable. This article challenges the micro foundations of this understanding, that the production of economic value is technologically determined by the physical properties inherent in goods and services. In contrast, we argue theoretically, and demonstrate empirically, that production, allocation and distribution are contingent processes better conceived in terms of ‘power over rents’ with associated externalities between sectors. Our analysis suggests that the post-industrial trilemma thesis may have unduly distracted research from the potential for redistributive politics to achieve sustainable levels of productivity growth, fiscal balance and higher levels of earnings equality.
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