Rewarding Work

How to Restore Participation and Self-Support to Free Enterprise

First Edition

Edmund S. Phelps

  • Edmund S. Phelps is Winner of the 2006 Nobel Memorial Prize in Economic Science

Prologue

The Problem

1. Why Work?

2. America's Second-Class Workers

3. The Decline of Labor

4. The Damage to Others
The Causes

5. Is It Culture?

6. Economic Sources

7. The Role of the Welfare System
The Remedy

8. The Market-Based Solution

9. The Case for the Market-Based Solution

10. The Flaws in Other Approaches

11. Reply to Objections

Epilogue

Cost of the Model Wage Subsidy Plan

Notes

Index

  • Cover: Rewarding Work
  • A photo of the author

Edmund S. Phelps is McVickar Professor of Political Economy at Columbia University and winner of the 2006 Nobel Prize in Economics.