The Task of Contemporary Wage Theory

John T. Dunlop
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John T. Dunlop: Harvard University

Chapter Chapter 1 in The Theory of Wage Determination, 1957, pp 3-27 from Palgrave Macmillan

Abstract: Abstract The high purpose of these sessions is symbolized by a passage from Michael Polanyi: Science is not conducted by isolated efforts like those of the chess players or shellers of peas and could make no progress that way. If one day all communications were cut between scientists, that day science would practically come to a standstill. … The co-ordinative principle of science … consists in the adjustment of each scientist’s activities to the results hitherto achieved by others. In adjusting himself to the others each scientist acts independently, yet by virtue of these several adjustments scientists keep extending together with a maximum efficiency the achievements of science as a whole.1

Keywords: Labour Market; Labour Supply; Wage Rate; Product Market; Real Wage (search for similar items in EconPapers)
Date: 1957
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Citations: View citations in EconPapers (44)

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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-15205-6_1

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DOI: 10.1007/978-1-349-15205-6_1

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