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Journal Article

Wage Theory and Theories

H. J. Davenport
The Quarterly Journal of Economics
Vol. 33, No. 2 (Feb., 1919), pp. 256-297
Published by: Oxford University Press
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Page Count: 42
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Labor-purchase theory of wages, 256.--A Crusoe or collective analysis, 257; inapplicable for competitive purposes, 258; but invoking the selective working of the iron law, 261.--Property as affecting iron law, 262.--Predation and survival, 263.--Minima of living and death rate, standard of living and birth rate, as bearing on wages, 264.--Both the minimum and the standard doctrine are costs doctrines for the supply of men who have no costs of production, 265.--Bearing of numbers on per capita product, 268.--Flexibility of standards of living, 270.--Population limited by increasing product, 271.--The causal nexus, 272.--Wage-fund theory, 274.--Labor-pain theory, 278.--Productivity theories, 280; in ethical implications, 280; in distributive precision, 282.--Surplus-value theory, 286.--Reconstruction, 288.--Production in competitive meaning, 288.--No outlook for higher wages at expense of employers, 288.--Possible lines of amelioration, 289.--Institutional conditions and competitive processes as affecting (1) the distribuend, (2) the distribution rations, 291.--Conclusion, 297.

Notes and References

This item contains 2 references.

  • 1
    This reference contains 3 citations:
    • Gustav Cohn, Science of Finance, Veblen's translation, p. 259.
    • Wesley Clair Mitchell, History of the Green- backs, pp. 306-347, passim
    • Monthly Review of the Bureau of Labor Statistics, January, 1918, pp. 5, 7.
  • 1
    T. N. Carver in the March, 1905, Journal of Political Economy, vol. xiii, p. 263.