Approaches to the Determination of the General Level of Wage Rates

Innocenzo Gasparini
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Innocenzo Gasparini: Bocconi University

Chapter Chapter 3 in The Theory of Wage Determination, 1957, pp 39-47 from Palgrave Macmillan

Abstract: Abstract Three approaches can be adopted towards the formulation of a theory of wages: (1) distribution theory; (2) employment theory; and (3) noneconomic theories such as those of the German historical school, Commons, the Webbs, and some recent American labour economists. Only theories of the first and the second types will be considered in this discussion.

Keywords: Labour Supply; Wage Rate; Money Supply; Labour Demand; Wage Level (search for similar items in EconPapers)
Date: 1957
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DOI: 10.1007/978-1-349-15205-6_3

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