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Excerpt from The Theory of Wages Adjusted to Recent Theories of Value
As already suggested, the intensity of labor is regulated by the pain or the sacrifice involved in labor. The total sacrifice consists not only in the positive pain of weariness, but in the confinement which prevents the laborer from the fullest enjoyment of his earnings and a number of other disagreeable features. Still, the factors which regu late the intensity of labor are comparatively simple.'r But the factors which regulate the other dimension of the sup ply - namely, numbers are more complex, and vary somewhat among different occupations. With the general class of unskilled laborers the question of the limitation of this dimension of the supply is mainly involved in the question of population.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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- PublisherForgotten Books
- Publication date2024
- ISBN 10 1332532608
- ISBN 13 9781332532605
- BindingPaperback
- Number of pages30
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The Theory of Wages Adjusted to Recent Theories of Value (Classic Reprint)
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Paperback. Condition: New. Print on Demand. This book presents a unified theory of the determination of wages and explores how it relates to wider economic principles. The author argues that the law of diminishing productivity, which determines the demand for labor, and the standard of living, or cost of production, which determines the supply, regulate wages. The author concludes that wages correspond to both the marginal productivity and the marginal cost of labor. This book is not simply another dry tome on economic theory. It is a complete rethink of one of the most fundamental concepts in economics, presented in an engaging and accessible way. The author draws on a range of sources, including classical economics, neoclassical economics, and modern economic thought, to develop a comprehensive theory of wages. This book is a must-read for anyone interested in labor economics, and it will also appeal to a broader audience interested in understanding the forces that shape the economy. Forgotten Books publishes hundreds of thousands of rare and classic books. This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. Seller Inventory # 9781332532605_0
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The Theory of Wages Adjusted to Recent Theories of Value Classic Reprint
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9781332532605
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The Theory of Wages Adjusted to Recent Theories of Value Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9781332532605
Quantity: 15 available