The Theory of Wages in Classical Economics
A Study of Adam Smith, David Ricardo and their Contemporaries
Bibliographic Data
| ID | 19918682 |
|---|---|
| Authors | Antonella Stirati (0000-0002-4195-9416, corresponding author) |
| Year | 1994 |
| Publication date | 1994-01-01 |
| Open Access | No |
| Type | BOOK |
| Venue | Theory of Wages in Classical Economics (SOURCE_BOOK) |
| Publisher | Edward Elgar Publishing (PUBLISHER • GB) |
| DOI | 10.4337/9781782541332 |
| OpenAlex | W2285083530 |
| Open Library | OL38286372M |
| ISBN | 9781782541332 |
| Language | EN |
| Citations received | 31 |
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
Contemporary theory · Economics · Efficiency wage · Epistemology · Keynesian economics · Labour economics · Neoclassical economics · Positive economics · Reinterpretation · Wage · Economic Theory and Institutions · Economic Theory and Policy · Philosophy · Political Economy and Marxism · Classical school of economics · History · Wages
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| Unique citing works | 31 |
|---|---|
| Citations per year | 1,03 |
| Citation span | 1996 - 2026 (31) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 30 |