Distribution and Economic Progress

John Hicks

Chapter Chapter VI in The Theory of Wages, 1963, pp 112-135 from Palgrave Macmillan

Abstract: Abstract The subject of this chapter is one of the most venerable of economic problems. The effect of progress upon distribution was a question inevitably raised by the Ricardian theory of rent, and naturally it often engaged the attention of the classical economists. But we do not now need to go back to the classical economists; for we possess today, in the marginal productivity theory, a much superior line of approach to it. The marginal productivity theory is simply an extension of the Ricardian law of rent; and it suggests the problem as infallibly as its predecessor did.

Keywords: Monetary Policy; Real Wage; Marginal Product; Real Income; Relative Prex (search for similar items in EconPapers)
Date: 1963
References: Add references at CitEc
Citations: View citations in EconPapers (2)

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_6

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

DOI: 10.1007/978-1-349-00189-7_6

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 ().