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- Title
WAGE THEORY AND THEORIES.
- Authors
Davenport, H.J.
- Abstract
The article discusses economic and social theories about human labor and wages. The author states that as the number workers increases, wages fall to the effectiveness of the labor applied at opportunities offered by successive marginal qualities of land. The author also mentions that the iron law theory argues that the return to labor is held to coincide in amount with the subsistence requirements necessary to the forthcoming of labor. The author added that the wage fund theory is allied with the doctrine that is only through capital that labor receives employment.
- Subjects
THEORY; WAGES; INCOME; LABOR costs; LABOR economics; LABOR supply
- Publication
Quarterly Journal of Economics, 1919, Vol 33, Issue 2, p256
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1884735