The Theory Of Wages In Classical Economics

Author : Antonella Stirati
Publisher : Edward Elgar Publishing
Page : 248 pages
File Size : 51,6 Mb
Release : 1994-01-01
Category : Business & Economics
ISBN : 1782541330

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The Theory of Wages in Classical Economics by Antonella Stirati Pdf

'. . . 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.

Author : John Maynard Keynes
Publisher : Springer
Page : 404 pages
File Size : 45,5 Mb
Release : 2018-07-20
Category : Business & Economics
ISBN : 9783319703442

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The General Theory of Employment, Interest, and Money by John Maynard Keynes Pdf

This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.

Author : John Hicks
Publisher : Springer
Page : 405 pages
File Size : 43,5 Mb
Release : 1963-06-18
Category : Business & Economics
ISBN : 9781349001897

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The Theory of Wages by John Hicks Pdf

Author : John Bates Clark
Publisher : Cosimo, Inc.
Page : 477 pages
File Size : 46,7 Mb
Release : 2005-09-01
Category : Business & Economics
ISBN : 9781596052529

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The Distribution of Wealth by John Bates Clark Pdf

What would be the rate of wages, if labor and capital were to remain fixed in quantity, if improvements in the mode of production were to stop, if the consolidating of capital were to cease and if the wants of consumers were never to alter? The question assumes, of course, that industry shall go on, and that, notwithstanding a paralysis of the forces of progress, wealth shall continue to be created under the influence of a perfectly unobstructed competition. -from the Preface John Bates Clark was the first American economist with an international reputation-this revolutionary 1899 work is what brought him that distinction. In clear, lucid language that makes his economic philosophy so plain we take it for granted today, Clark lays out his Marginal Productivity Theory of Distribution, a rebuttal to Marx and an apologetic for capitalism. Insisting that in a competitive market economy, all work is fully and fairly recompensed and all labor and capital are, in a very real sense, equal components, Clark shattered then widely held theories of economics with his groundbreaking thesis. And his work continues to influence the global financial situation today. American economist JOHN BATES CLARK (1847-1938), who also wrote the significant The Philosophy of Wealth (1885), was professor of political economy at Columbia University and one of the founders of the American Economic Association. The prestigious John Bates Clark Medal for economic thought is named for him.

Author : Steven Kates
Publisher : Edward Elgar Publishing
Page : 264 pages
File Size : 45,6 Mb
Release : 2020-06-26
Category : Business & Economics
ISBN : 9781786433572

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Classical Economic Theory and the Modern Economy by Steven Kates Pdf

Economic theory reached its zenith of analytical power and depth of understanding in the middle of the nineteenth century among John Stuart Mill and his contemporaries. This book explains what took place in the ensuing Marginal Revolution and Keynesian Revolution that left economists less able to understand how economies operate. It explores the false mythology that has obscured the arguments of classical economists, providing a pathway into the theory they developed.

Author : Denis Patrick O'Brien
Publisher : Oxford University Press
Page : 324 pages
File Size : 42,6 Mb
Release : 1978
Category : Biography & Autobiography
ISBN : 0198771177

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The Classical Economists by Denis Patrick O'Brien Pdf

Author : Marian Bowley
Publisher : Psychology Press
Page : 368 pages
File Size : 52,9 Mb
Release : 2003
Category : Economics
ISBN : 0415313236

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Nassau Senior and Classical Economics by Marian Bowley Pdf

Nassau Senior is one of the most significant economists in the classical tradition. This study is based both on his unpublished and published lectures and writings.

Author : Andres Drobny
Publisher : Routledge
Page : 248 pages
File Size : 51,5 Mb
Release : 1988-10-06
Category : Business & Economics
ISBN : 9781134988013

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Real Wages and Employment by Andres Drobny Pdf

With both Monetarist and Keynesian economic theory so closely bound up with employment levels and inflation, the contrast between the two models is here given thorough examination in light of real post-war data. Following the development of Monetarism as a reaction against Keynesian analysis, Drobny focuses on the importance of relative pricing wit

Author : David Ricardo
Publisher : Unknown
Page : 566 pages
File Size : 40,9 Mb
Release : 1821
Category : Economics
ISBN : OXFORD:300151240

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On the Principles of Political Economy, and Taxation by David Ricardo Pdf

Author : Gustav Adolph Kleene
Publisher : Unknown
Page : 192 pages
File Size : 45,9 Mb
Release : 1916
Category : Economics
ISBN : UCAL:$B236863

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Profit and Wages by Gustav Adolph Kleene Pdf

Author : Murray Milgate
Publisher : Academic Press
Page : 232 pages
File Size : 48,6 Mb
Release : 2014-05-10
Category : Business & Economics
ISBN : 9781483267456

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Capital and Employment by Murray Milgate Pdf

Studies in Political Economy: Capital and Employment: A Study of Keynes's Economics focuses on the inquiry into Keynesian economics, particularly the relationship of capital and employment. The publication first underscores the contemporary position of 'Keynesian' economics, traditional long-period method of economic analysis, and theoretical systems and the long-period method. Discussions focus on the structure of classical economic theory, structure of marginalist economic theory, and the traditional long-period method of economic analysis. The text then ponders on the analysis of deviations from long-period positions, principle of effective demand, and the theory of capital and theory of employment. Topics include Keynes on the 'classical' theory of interest, capital and employment, inflexibility of money-wages, long-period theory of output and employment, and principle of effective demand. The book takes a look at the theoretical system of the treatise versus the general theory and the method of analysis in the treatise and the general theory, including the conceptual framework of the treatise on money and general theory and the natural rate of interest and level of employment. The publication is a valuable reference for economists and researchers interested in the relationship of capital and employment.

Author : Edwin Cannan
Publisher : Routledge
Page : 590 pages
File Size : 49,8 Mb
Release : 2016-11-10
Category : Business & Economics
ISBN : 9781315438351

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A Review of Economic Theory by Edwin Cannan Pdf

Though Cannan, in his early years as an economist, was a critic of classical economics and an ally of interventionists, he moved sharply to the side of classical liberalism in the early 20th century. In this book, originally published in 1929 Edwin Cannan discussed in comparative terms the general problems of economics and in particular the theories of production, value and distribution and the attempts that had been made to solve them. Examining key principles of economics in historical terms, the author draws his own conclusions only after a full discussion of various viewpoints.

Author : Joseph C. Pitt
Publisher : Springer Science & Business Media
Page : 399 pages
File Size : 45,5 Mb
Release : 2012-12-06
Category : Science
ISBN : 9789400965256

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Change and Progress in Modern Science by Joseph C. Pitt Pdf

The papers presented here derive from the 4th International Confe:--ence on History and Philosophy of Science held in Blacksburg, Virginia, U.S.A., November 2-6, 1982. The Conference was sponsored by the I nternational Union of History and Philosophy of Science and Virginia Polytechnic Institute and State University (Virginia Tech). Particular thanks go to L. Jonathan Cohen, Secretary of the Union, as well as to Dean Henry Bauer of the College of Arts & Sciences, Wilfred Jewkes and the Center for Programs in the Humanities, Arthur Donovan and the Center for the Study of Science in Society and the Department of Philoso phy and Religion at Virginia Tech. Not only did they come through with the necessat"y funds, but they were all always ready with a helping hand when things got confusing. Two additional groups of individuals require a special note of thanks. First, considerable appreciation is due the mem bers of the Joint Commission of the I nternational Union of History and Philosophy of Science: Maurice Crosland, Risto Hilpinen and Vladimir Kirsanov. They were more than gen erous in thei r advice and co-operation. The Local Organizing Committee (Kenneth Alpern, Roger Ariew, Arthur Donovan, Larry Laudan, Ann La Berge, Duncan Porter, Eleonore Stump and Dennis Welch) not only demon strated efficiency and insured a pleasant stay for' all participants, but also went out of their way on numerous occasions to make everyone feel at home.

Author : John Maynard Keynes
Publisher : Unknown
Page : 0 pages
File Size : 48,9 Mb
Release : 1991
Category : Economics
ISBN : LCCN:48031064

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The General Theory of Employment, Interest, and Money by John Maynard Keynes Pdf

Author : Fouad Sabry
Publisher : One Billion Knowledgeable
Page : 334 pages
File Size : 44,5 Mb
Release : 2023-12-18
Category : Business & Economics
ISBN : 9791222089560

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Labour Economics by Fouad Sabry Pdf

What is Labour Economics The field of labor economics, sometimes known as labor economics, is concerned with gaining an understanding of the structures and dynamics of the markets for wage labor. Labour is a commodity that is provided by workers, more often than not in exchange for a wage that is paid by businesses that are in need of labour. Due to the fact that these workers are components of a social, institutional, or political system, labor economics must also take into account the social, cultural, and political factors that are present. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Labour economics Chapter 2: Minimum wage Chapter 3: Unemployment Chapter 4: Full employment Chapter 5: New Keynesian economics Chapter 6: Phillips curve Chapter 7: The General Theory of Employment, Interest and Money Chapter 8: Efficiency wage Chapter 9: Marginal revenue productivity theory of wages Chapter 10: Backward bending supply curve of labour Chapter 11: Labour supply Chapter 12: Frisch elasticity of labor supply Chapter 13: Neoclassical synthesis Chapter 14: Insider-outsider theory of employment Chapter 15: AD-AS model Chapter 16: Involuntary unemployment Chapter 17: Monopsony Chapter 18: Rehn-Meidner model Chapter 19: Factor market Chapter 20: Implicit contract theory Chapter 21: Keynes's theory of wages and prices (II) Answering the public top questions about labour economics. (III) Real world examples for the usage of labour economics in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of labour economics. (eBook only). Who will benefit Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of labour economics.