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'. . . there is much is Stirati's discussion of the natural wage which is of interest, and she explores quite carefully the role of institutional, cultural and social factors in the determination of the long-run wage rate.' - John Vint, Journal of the History of Economic Thought This important new book is the first specific study on the classical theory of wages to appear for more than 50 years and as such fills an important gap in the literature. Antonella Stirati argues that the wage-fund theory played no part in the theory of wages expounded by Ricardo and his predecessors. Classical wage theory is shown to be analytically consistent but very different from contemporary theory, particularly as it did not envisage an inverse relationship between employment and the real wage level, and hence a spontaneous tendency to full employment of labour. The author bases her approach not only on a reinterpretation of Smith and Ricardo, but also on the writings of Turgot, Necker, Steuart, Hume, Cantillon and other pre-classical economists.
The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
In a new and updated edition of this classic textbook, Henry William Spiegel brings his discussion and analysis of economic thought into the 1990s. A new introductory chapter offering an overall view of the history of economics and a bibliographic survey of the economic literature of the 1980s and early 1990s have been added. Maintaining the link between economics and the humanities, Spiegel's text will continue to introduce students to a wide range of topics in the history of economic thought. From reviews of previous editions: "The history of economic thought to end all histories of economic thought."--Robert D. Patton, Journal of Economic Literature "The book is in the grand tradition of the history of doctrines. It is a history of economic thought broadly conceived--and superbly written to boot. It is not to much to say that Spiegel's book will become and remain a leading text in the field."--Warren J. Samuels, Social Science The author conveys the essence of an idea simply and clearly, yet in a graceful style."--William F. Kennedy, Journal of Economic Literature