The Demand Curve for Labour of an Industry

Joan Robinson

Chapter Chapter 22 in The Economics of Imperfect Competition, 1969, pp 253-264 from Palgrave Macmillan

Abstract: Abstract IT is now possible to discuss the nature of the demand curve for labour of a perfectly competitive industry in which profits are normal. Wages, as we have seen, must be equal to average net productivity for each firm, and since average net productivity, unlike marginal net productivity, is the same to the industry as to the firms, it is the curve of average net productivity to the industry which gives the demand curve for labour.

Keywords: Marginal Productivity; Demand Curve; Supply Curve; Individual Firm; Imperfect Competition (search for similar items in EconPapers)
Date: 1969
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DOI: 10.1007/978-1-349-15320-6_23

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