Isbn: 9781330551981 - the Theory of Wages: and Its Application to the Eight Hours Question and Other Labour Problems (classic Reprint) (3 results)

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condition: New. Print on Demand. This book explores the principles that determine wages, an essential component of economics. The author argues against prevailing theories that consider wages as fixed or residual and instead presents a comprehensive analysis of how wages are influenced by the interplay between labor supply and demand, productivity, and the distribution of wealth. The author's theory posits that wages are not a fixed fraction of capital or output but rather a dynamic proportion of a constantly changing total product, which in turn is determined by the varying contributions of labor, capital, and land. This challenges established economic doctrines and provides a more nuanced understanding of wage determination. The book's insights are significant for economists, policymakers, and anyone seeking to comprehend the complexities of wage dynamics in the context of broader economic principles. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…