The Living Wage: Lessons from the History of Economic ThoughtEdward Elgar Publishing, 2009 M01 1 - 176 pages I highly recommend this book to anyone who cares about poverty and wants to know what economists have said about its connections with the labor market and to consider whether voluntary or government wage norms would be a wise, just, and effective way to r |
Contents
| 1 | |
subsistence necessities and unions | 12 |
work and wages virtue and skill | 58 |
4 Externality community and wages | 98 |
Other editions - View all
The Living Wage: Lessons from the History of Economic Thought Donald Stabile No preview available - 2008 |
Common terms and phrases
Adam Smith Alfred Marshall Aquinas argued argument Aristotle bargaining power Barkin behaviour believed benefits Bentham capability approach capitalist Clark Coase collective action competition consumers consumption costs Davenport decency component defined definition division of labour economic thinkers efficiency employers entrepreneur factors of production free market Friedman gain Hayek higher wages human capital idea improve incentive income increase individual industry interest issue J.B. Clark John Stuart Mill labour market laws living wage low wages low-wage workers marginal product market economists market system Marshall Marx meant members of society Milton Friedman minimum Mises moral character needed negative externality negotiating nomic Okun Pareto person Pigou Plato poor poverty problem recognized result self-interest Seligman Smith’s moral economy social standard of living subsistence wage sustainability theory tion unions utility value-added Veblen virtue wealth welfare workers earn workforce wrote