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Wage Theory and Theories

H. J. Davenport

The Quarterly Journal of Economics, 1919, vol. 33, issue 2, 256-297

Abstract: Labor-purchase theory of wages, 256. — A Crusoe or collective analysis, 257; inapplicable for competitive purposes, 258; but invoking the selective working of the iron law, 261. — Property as affecting iron law, 262. — Predation and survival, 263. — Minima of living and death rate, standard of living and birth rate, as bearing on wages, 264. — Both the minimum and the standard doctrine are cost doctrines for the supply of men who have no costs of production, 265. — Bearing of numbers on per capita product, 268. — Flexibility of standards of living, 270. — Population limited by increasing product, 271. — The causal nexus, 272. — Wage-fund theory, 274. — Labor-pain theory, 278. — Productivity theories, 280; in ethical implications, 280; in distributive precision, 282. — Surplus-value theory, 286. — Reconstruction, 288. — Production in competitive meaning, 288. — No outlook for higher wages at expense of employers, 288. — Possible lines of amelioration, 289. — Institutional conditions and competitive processes as affecting (1) the distribuend, (2) the distribution rations, 291. — Conclusion, 297.

Date: 1919
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The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

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