Smith’s theory of wages and its impact on the theory of wages in the 19th century
Adam Smith has not accepted subsistence theory of wages as an explanation of wages. He can be marked not only as a founder of wages-fund theory, but also of the bargaining theory of wages. Wage-fund doctrine dominated the next hundred years of English economics. Besides, Smith’s explanation of the d...
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| Format: | Article |
| Language: | English |
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Serbian Sociological Association, Belgrade
2005-01-01
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| Series: | Sociološki Pregled |
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| Online Access: | http://scindeks-clanci.ceon.rs/data/pdf/0085-6320/2005/0085-63200502153S.pdf |