Author profile

Alfred Kleinknecht

Alfred Kleinknecht is emeritus professor of economics at TU Delft and visiting professor in the School of Economics, Kwansei Gakuin University, Nishinomiya, Japan.

The productivity slowdown, inflation and austerity

Alfred Kleinknecht

Calls for the ECB to raise rates to stem inflation have missed the negative impact of ‘structural reforms’ of labour markets on innovation.

Do Structural Reforms Of Labour Markets Impair Innovation?

Alfred Kleinknecht

Christoph Stein: You conclude from your research that supply-side labour market reforms have impaired innovation and labour productivity growth in major OECD countries. Why should

Little Innovation – Many Jobs!

Alfred Kleinknecht

Do you still remember the story about the New Machine Age? Figure 1 (below) can help you stop dreaming: Growth rates of labour productivity (i.e.