Titolo The Social Conditions for Economic Performance Periodico Stato e mercato Anno: 2014 - Volume: 100 - Fascicolo: 1 - Pagina iniziale: 117 - Pagina finale: 126
Good economic performance is usually taken to mean high growthrates, 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.