The Theory of Wages in Classical Economics
By:Antonella Stirati
Published on 1994-01-01 by Edward Elgar Publishing
'. . . there is much is Stirati's discussion of the natural wage which is of interest, and she explores quite carefully the role of institutional, cultural and social factors in the determination of the long-run wage rate.' - John Vint, Journal of the History of Economic Thought This important new book is the first specific study on the classical theory of wages to appear for more than 50 years and as such fills an important gap in the literature. Antonella Stirati argues that the wage-fund theory played no part in the theory of wages expounded by Ricardo and his predecessors. Classical wage theory is shown to be analytically consistent but very different from contemporary theory, particularly as it did not envisage an inverse relationship between employment and the real wage level, and hence a spontaneous tendency to full employment of labour. The author bases her approach not only on a reinterpretation of Smith and Ricardo, but also on the writings of Turgot, Necker, Steuart, Hume, Cantillon and other pre-classical economists.
This Book was ranked at 18 by Google Books for keyword economics explained.
Book ID of The Theory of Wages in Classical Economics's Books is x5kgjJfuZ7kC, Book which was written byAntonella Stiratihave ETAG "B3u/X1Ch350"
Book which was published by Edward Elgar Publishing since 1994-01-01 have ISBNs, ISBN 13 Code is 9781782541332 and ISBN 10 Code is 1782541330
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