Labour, An Equivocal Concept for Economic Analyses

Ebbe Yndgaard (eyndgaard@econ.au.dk)
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Ebbe Yndgaard: Department of Economics, University of Aarhus, Denmark, Postal: 8000 Aarhus C, Denmark

Economics Working Papers from Department of Economics and Business Economics, Aarhus University

Abstract: Ever since the adoption of the symbiosis of mathematical analytical methods and marginalism in economics, there has been a tendency of negligence in the sense that it is seldom to ask the dual question: what are the fundamental assumptions on which the above approach is resting and are they worth while as measured by realia? In a rather informal form we try to address some aspects of these basic questions. A main result is that it is very doubtful to rely too naively on main stream results, relying on a one- dimensional concept of homogenous labour. Most of the standard results on this foundation - including those of unemployment - are ambiguous, at best.

Keywords: Heterogenous labour; measurement and mathematical representability; economic methodology (search for similar items in EconPapers)
JEL-codes: B4 C0 E1 J3 (search for similar items in EconPapers)
Pages: 16
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Citations: View citations in EconPapers (4)

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