Further Consequences of Wage-Regulation

John Hicks

Chapter Chapter X in The Theory of Wages, 1963, pp 198-216 from Palgrave Macmillan

Abstract: Abstract How far can we expect the process of contraction described in the last chapter to lead to the establishment of a new equilibrium? This is the first question which we must endeavour to solve with the aid of our analysis of Distribution and Economic Progress. (It is true that we are now concerned with a process of decline, rather than one of progress; but, within limits, our earlier analysis was equally applicable to either case.)

Keywords: Real Wage; High Wage; Marginal Productivity; Unemployment Benefit; Closed Community (search for similar items in EconPapers)
Date: 1963
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-00189-7_10

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349001897

DOI: 10.1007/978-1-349-00189-7_10

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().