Some Aspects of Wage Theory and Policy

Some Aspects of Wage Theory and Policy

Some Aspects of Wage Theory and Policy

Some Aspects of Wage Theory and Policy

Excerpt

The following essays evidence my continuing concern with problems involving the wage level, the price level, and the wage share, and with the implications and ramifications of these upon economic phenomena generally. It is my thought that there are some new ideas, new points made in each of the items, that warrant discussion.

The opening selection develops the argument that the schedule that is elaborated so widely in the literature as the consumption function is mainly a wage-earner outlay function: for the most part, the consumption outlay we are concerned with, which is measured in empirical estimates, emanates essentially from wage-earner expenditures. The sooner this is realized, the clearer our thinking is likely to be in those models which use the concept. The connecting links required to relate the real outlay function to aggregate . . .

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.