Ronald Dore

The Social Conditions for Economic Performance

  • Abstract

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Keywords: JEL Classification: P1 - Capitalist systems; G1 - Financial Crisis; P12 - Capitalist Enterprises.

Good economic performance is usually taken to mean high growth rates, cutting-edge competitiveness, regardless of distributional consequences. Call that EP 1. I argue that a better policy objective is EP2 - achieving a fast enough growth of productivity, combined with a distribution of the proceeds of growth that the great majority of the population can expect their children and grandchildren to be better off than themselves.

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