The Theory of Wages

E746874

The Theory of Wages is a foundational economic work by John R. Hicks that analyzes how wages are determined within competitive labor markets and broader economic systems.

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Predicate Object
instanceOf book
economic treatise
author John R. Hicks NERFINISHED
John Richard Hicks NERFINISHED
coreConcept elasticity of substitution
equilibrium wage rate
marginal productivity of labor
real wage adjustment mechanisms
substitution between labor and capital
wage differentials
field economics
labor economics
microeconomics
hasPart analysis of capital and technical progress in relation to wages
analysis of competitive labor markets
analysis of imperfect competition in labor markets
discussion of unemployment and wage rigidity
formal models of labor supply and labor demand
treatment of trade unions and collective bargaining
influenced distribution theory in economics
general equilibrium treatments of labor
microeconomic labor market models
postwar labor economics
wage theory
influencedBy Alfred Marshall NERFINISHED
Arthur Cecil Pigou NERFINISHED
classical economics
marginalist revolution
mainSubject capital accumulation
competitive labor markets
distribution theory
general equilibrium
imperfect competition in labor markets
income distribution
labor demand
labor markets
labor supply
marginal productivity theory of distribution
money wages
real wages
technical progress
trade unions
unemployment
wage determination
wage rigidity
theoreticalApproach general equilibrium analysis
marginal productivity theory
neoclassical economics

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Value and Capital relatedWork The Theory of Wages