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020 _a9783031374357
_9978-3-031-37435-7
024 7 _a10.1007/978-3-031-37435-7
_2doi
050 4 _aHD4801-8943
072 7 _aKCF
_2bicssc
072 7 _aBUS038000
_2bisacsh
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082 0 4 _a331
_223
100 1 _aSamans, Richard.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
245 1 0 _aHuman-Centred Economics
_h[electronic resource] :
_bThe Living Standards of Nations /
_cby Richard Samans.
250 _a1st ed. 2024.
264 1 _aCham :
_bSpringer International Publishing :
_bImprint: Palgrave Macmillan,
_c2024.
300 _aXXIX, 356 p. 35 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _a1. Introduction -- 2. The source of the fundamental disconnect in modern economics -- 3. The nature and causes of the living standards of nations -- 4. Comparative country data -- 5. International economic governance -- 6. Conclusion.
506 0 _aOpen Access
520 _aThis open access book examines the chronic underperformance of economies with respect to inclusion, sustainability and resilience. It finds that the standard liberal economic growth and development model has evolved over the past century in a fundamentally unbalanced manner that underemphasizes the crucial role of institutions – legal norms, policy incentives and public administrative capacities – in translating market-based growth in the production of goods and services into broad and sustainable gains in social welfare at the household level. Correcting this imbalance of emphasis in economic theory and policy between markets and institutions, production and distribution, and national income and household living standards is the single most important step required to transcend 20th century trickle-down “neoliberalism” and replace it with a more human-centred model of economic progress in the 21st century. The book breaks new ground by integrating the principal institutional dimensions of the social contract into the heart of macroeconomic theory and presenting extensive corresponding reforms of domestic and international economic policy to refocus them on the median living standards, rather than primarily aggregate wealth or GDP, of nations. This is the bottom-line measure of national economic performance, and it depends on the strength of both markets of exchange and institutions in such areas as labour and social protection, financial and corporate governance, competition and rents, anti-corruption, infrastructure and basic necessities, environmental protection, education and skilling, etc. Extensive comparative data are presented demonstrating that countries at every level of economic development have ample policy space to narrow their “welfare gaps” – their underperformance on these and other key aspects of household living standards relative to the frontier of leading policy practice in peer countries. Richard Samans is Director of the International Labour Organization’s Research Department and its Sherpa to the G20, G7 and BRICS processes. .
650 0 _aLabor economics.
650 0 _aEnvironmental economics.
650 0 _aEconomics.
650 0 _aSocial choice.
650 1 4 _aLabor Economics.
650 2 4 _aEnvironmental Economics.
650 2 4 _aPublic Choice and Political Economy.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783031374340
776 0 8 _iPrinted edition:
_z9783031374364
856 4 0 _uhttps://doi.org/10.1007/978-3-031-37435-7
912 _aZDB-2-ECF
912 _aZDB-2-SXEF
912 _aZDB-2-SOB
999 _c37634
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