Ebook: Rewarding Work: How to Restore Participation and Self-Support to Free Enterprise, With a New Preface

Since the 1970s a gulf has opened between the pay of low-paid workers and that of the middle class, resulting in the departure or frustration of much of the labor force. For Phelps, this is a failure of political economy whose widespread effects are undermining the free-enterprise system. He proposes a novel solution.