The Theory of Wages in Classical Economics
The Theory of Wages in Classical Economics

Author: Antonella Stirati

Publisher: Edward Elgar Publishing

Published: 1994-01-01

Total Pages: 248

ISBN-13: 9781782541332

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'. . . 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.

Richard Cantillon
Richard Cantillon

Author: Tony Brewer

Publisher: Routledge

Published: 2002-06-01

Total Pages: 217

ISBN-13: 1134903731

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Richard Cantillon, writing fifty years before Adam Smith, was the first to see the economy as an interrelated whole, and the first to give a coherent account of how it works. This is the first comprehensive study of his economic theory and of his place in the history of the subject.

A History of Economic Theory and Method
A History of Economic Theory and Method

Author: Robert B. Ekelund, Jr.

Publisher: Waveland Press

Published: 2013-08-30

Total Pages: 753

ISBN-13: 1478611065

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Known for its clarity, comprehensiveness, and balance, the latest edition of A History of Economic Theory and Method continues that tradition of excellence. Ekelund and Hébert’s survey provides historical and international contexts for how economic models have served social needs throughout the centuries—beginning with the ancient Greeks through the present time. The authors not only trace ideas that have persisted but skillfully demonstrate that past, discredited ideas also have a way of spawning critical thinking and encouraging new directions in economic analysis. Coverage that distinguishes the Sixth Edition from its predecessors includes a detailed analysis of economic solutions by John Stuart Mill and Edwin Chadwick to problems raised by the Industrial Revolution; the role of psychology and “experiments” in understanding demand and consumer behavior; discussions of modern economic theory as it interrelates with other social sciences; and a close look at the historical development of the critical role of entrepreneurship, both in its productive and unproductive variants. The authors’ creative approach gives readers a feel for the thought processes of the great minds in economics and underscores key ideas impacting contemporary thought and practice. Well-crafted discussions are further enriched by absorbing examples and figures. Thorough suggested reading lists give options for more in-depth explorations by interested readers.