The Wages Question: a Treatise on Wages and the Wages Class (Illustrated)

Download or read book The Wages Question: a Treatise on Wages and the Wages Class (Illustrated) written by Francis Amasa Walker and published by . This book was released on 2017-08-31 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Francis A. Walker's The Wages Question is generally credited as having demolished the prior, antiquated "wages fund" theory of wages [see Book I, Chapters VIII and IX]. In the process, Walker simultaneously laid the groundwork for John Bates Clark's definitive descriptions of the marginal products of labor and capital. His interest in the nature of the firm contributed to Frank H. Knight's work by clearly describing the factors of production and how to categorize their rewards into wages, rent, and profits."...