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This study contains some of the first empirical work on the supply of labor as well as a comprehensive survey of the history of wage theory culminating in the author's statistical vindication of marginal productivity theory. In his 1947 American Economic Association address appended to this edition, Douglas--discover of the Cobb-Douglas production function-- concluded that economics had at long last formulated genuine "laws of production." "Influential ... laid the foundation for the important modern work of Clarence D. Long, H. Gregg Lewis and Jacob Mincer." International Encyclopedia of the Social Sciences. "One of the boldest ventures in econometrics ever undertaken." J.A. Schumpeter History of Economic Analysis
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Book Description Macmillan, 1934. Hardcover. Condition: Very Good. Exlibrary, usual markings. Sunned cover. ; 639 pages. Seller Inventory # 29376
Book Description Augustus M Kelley Pubs, 1969. Hardcover. Condition: Used: Good. Seller Inventory # SONG067800062X