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...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Serbian Sociological Association, Belgrade
2005-01-01
|
| Series: | Sociološki Pregled |
| Subjects: | |
| Online Access: | http://scindeks-clanci.ceon.rs/data/pdf/0085-6320/2005/0085-63200502153S.pdf |
| id |
doaj-087b20b04bb64a44a775676afee2718c |
|---|---|
| record_format |
Article |
| spelling |
doaj-087b20b04bb64a44a775676afee2718c2021-04-02T06:38:13ZengSerbian Sociological Association, BelgradeSociološki Pregled0085-63202560-48802005-01-0139215318110.5937/socpreg0502153S0085-63200502153SSmith’s theory of wages and its impact on the theory of wages in the 19th centuryStojanović Božo0Institute of European Studies, Belgrade, SerbiaAdam 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 differentials in wage rates among occupations were accepted by his successors for a century. That was the first step into direction of human capital theory.http://scindeks-clanci.ceon.rs/data/pdf/0085-6320/2005/0085-63200502153S.pdfsubsistence theory of wageswages-fund doctrineMill’s "recantation"human capital theory |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Stojanović Božo |
| spellingShingle |
Stojanović Božo Smith’s theory of wages and its impact on the theory of wages in the 19th century Sociološki Pregled subsistence theory of wages wages-fund doctrine Mill’s "recantation" human capital theory |
| author_facet |
Stojanović Božo |
| author_sort |
Stojanović Božo |
| title |
Smith’s theory of wages and its impact on the theory of wages in the 19th century |
| title_short |
Smith’s theory of wages and its impact on the theory of wages in the 19th century |
| title_full |
Smith’s theory of wages and its impact on the theory of wages in the 19th century |
| title_fullStr |
Smith’s theory of wages and its impact on the theory of wages in the 19th century |
| title_full_unstemmed |
Smith’s theory of wages and its impact on the theory of wages in the 19th century |
| title_sort |
smith’s theory of wages and its impact on the theory of wages in the 19th century |
| publisher |
Serbian Sociological Association, Belgrade |
| series |
Sociološki Pregled |
| issn |
0085-6320 2560-4880 |
| publishDate |
2005-01-01 |
| description |
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 differentials in wage rates among occupations were accepted by his successors for a century. That was the first step into direction of human capital theory. |
| topic |
subsistence theory of wages wages-fund doctrine Mill’s "recantation" human capital theory |
| url |
http://scindeks-clanci.ceon.rs/data/pdf/0085-6320/2005/0085-63200502153S.pdf |
| work_keys_str_mv |
AT stojanovicbozo smithstheoryofwagesanditsimpactonthetheoryofwagesinthe19thcentury |
| _version_ |
1724171826769166336 |