The Theory of Wages - Hardcover

by Paul Howard Douglas (Author), Edwin F. Gay (Foreword by), John Maurice Clark (Foreword by)

The Theory of Wages by Paul Howard Douglas is a classic work in the field of economics. Originally published in 1934, this book provides a comprehensive analysis of the factors that determine wages in a capitalist economy. The author examines the role of labor productivity, capital investment, and market competition in determining the level of wages paid to workers.Douglas argues that wages are ultimately determined by the marginal productivity of labor, which is the additional output generated by each additional unit of labor. He also explores the impact of technological change on wages, and the ways in which labor unions and government policies can affect wage levels.The book is written in a clear and accessible style, making it suitable for both students and professionals in the field of economics. It is widely regarded as a seminal work in the study of labor economics and has had a significant influence on subsequent research in the field.Overall, The Theory of Wages is an important book for anyone interested in understanding the economic forces that shape the labor market and the wages paid to workers.Additional Contributor Is Wesley C. Mitchell.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.