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Social Pacts, Employment and Growth
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View all copies of this ISBN edition:. Synopsis About this title In this book leading European economists examine the current status of social pacts and their future. From the Back Cover : Social pacts have long been a centerpiece of European politics. Buy New Learn more about this copy.
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The EU model uses social dialogue institutions to help determine economic outcomes, particularly in the labor market, whereas the US relies more on market forces. The theory of competitive markets provides a powerful framework for analyzing market driven economies and for assessing the conditions under which unfettered markets yield desirable outcomes.
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But there is no comparable framework for analyzing institution driven economies. Published: Acocella, Nicola and Riccardo Leoni eds.
Heidelberg: Physica-Verlag, Development of the American Economy.