Hicks’s The Theory Of Wages: Its Place in the History of Neoclassical Distribution Theory

Paul Flatau

History of Economics Review, 2002, vol. 36, issue 1, 44-65

Abstract: Argues that J.R. Hicks’s 1932 book, The Theory of Wages, foreshadows a number of important later developments in Hicks’s theory, including some significant contributions to neoclassical distribution theory. These developments include a reformulation of marginal productivity theory; the introduction of the elasticity of substitution as an analytical tool; contributions to the product exhaustion theorem; an economic analysis of strikes; and a macroeconomic theory of relative factor shares. Concludes that Hicks’s own subsequent rejection of the book was unduly self-critical.

Date: 2002
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10370196.2002.11733378 (text/html)
Access to full text is restricted to subscribers.

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:taf:rherxx:v:36:y:2002:i:1:p:44-65

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rher20

DOI: 10.1080/10370196.2002.11733378

Access Statistics for this article

History of Economics Review is currently edited by John Harry Bloch and John Hawkins

More articles in History of Economics Review from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().