Péter Ákos Bod

Institutions of Economic Policy

A Comparative Analysis

How to protect the vulnerable: the pros and cons of minimum wage as a labour market institution

The labour market is a sensitive and very special institution. Labour is not a commodity, and it should not be treated as such. Firms do not buy working people: they hire their time, efforts, and skills. Still, the rules of demand for labour and its supply are similar to those of other markets. Society must keep this particular market in proper shape, and public institutions should redress its imbalances and imperfections.

Tartalomjegyzék

Kiadó: Akadémiai Kiadó

Online megjelenés éve: 2020

ISBN: 978 963 059 970 2

Gazdaság Idegen nyelvű

The reader is introduced to the purpose, structure, and organizational features of the most important institutions of market economy, such as the Treasury (Ministry of Finance), central (national) bank, bodies responsible for structural changes, supervision of competition, and regulators of strategic industries. The focus of the book is on open trade dependent states, with particular emphasis new member states of the European Union where the institutional order has been shaped by legacies of previous era as well as by policy transfer and policy advice through membership in EU, OECD, IMF and other international institutions. The bulk of the book deals with the comprehensive analysis of institutions of fiscal, monetary, competition, social, spatial policies, and with the emerging trends of new practices.

Hivatkozás: https://mersz.hu/bod-institutions-of-economic-policy//

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