Central Bank of Nigeria Library

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The theory of wages /

By: Material type: TextTextPublication details: London : Macmillan, c1963.Edition: 2nd edDescription: xix, 388 pSubject(s): DDC classification:
  • 331.21 HIC
LOC classification:
  • HD4909 .H5 1963
Summary: The book anticipates a number of developments in distribution and growth theory and remains a standard work in labour economics. Part I of the book takes as its starting point a reformulation of the marginal productivity theory of wages as determined by supply and demand in full competitive equilibrium of a free market economy. Part II considers regulated labour markets resulting from labour disputes, trade unions and government action. The 2nd edition (1963) includes a harsh critical review and, from Hicks, two subsequent related articles and an extensive commentary.
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Includes bibliographical footnotes and index.

The book anticipates a number of developments in distribution and growth theory and remains a standard work in labour economics.
Part I of the book takes as its starting point a reformulation of the marginal productivity theory of wages as determined by supply and demand in full competitive equilibrium of a free market economy. Part II considers regulated labour markets resulting from labour disputes, trade unions and government action. The 2nd edition (1963) includes a harsh critical review and, from Hicks, two subsequent related articles and an extensive commentary.

rpm 14/02/2018

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