Abstract

What Determines Wages?

Hazlttt, Henry | June 20, 1934 issue

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This article focuses on the book "The Theory of Wages," by Paul H. Douglas. To the uninitiated it might seem that the question of how wages are determined is merely one among the scores of problems that economics is called upon to solve. In one sense this is true. Unfortunately, however, it is impossible to treat wages in isolation from the rest of economic theory. An economist cannot have a sound theory of wages unless he has also a reasonably sound theory of value, of production, of interest, and of rent.

See Also:

THEORY of Wages, The (Book); BOOKS; DOUGLAS, Paul H.; WAGES; ECONOMISTS; ECONOMICS
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