Aspects of Wages and Profit Theory from Cantillon to John Stuart Mill

Marian Bowley
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Marian Bowley: University of London

Chapter VI in Studies in the History of Economic Theory before 1870, 1973, pp 177-223 from Palgrave Macmillan

Abstract: Abstract It must be explained that this study is not intended to provide a coherent and complete account of the development of wage theory from Cantillon to Senior. On the contrary, it is concerned with certain contrasts between a number of theories of wages in which I have become interested. What I have tried to do has been to identify some of the assumptions made and questions actually asked by the economists whose theories are included. I have avoided assessing the ‘correctness’ of theories in terms of the questions asked and assumptions made by later economists.

Keywords: Real Wage; Capital Accumulation; Aggregate Demand; Natural Rate; Progressive State (search for similar items in EconPapers)
Date: 1973
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-01874-1_6

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DOI: 10.1007/978-1-349-01874-1_6

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