Theory of Wages and Employment |
Contents
CHAPTER PAGE | 1 |
PART I | 7 |
FURTHER DEVELOPMENT of the MARGINAL PRODUCTIVITY THEORY | 22 |
Copyright | |
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adjust aggregate assume assumption average bargaining attitude bargaining power cent chapter Clark Clarkian collective bargaining costs of disagreeing curve of labor demand curve demand for labor demand schedule Distribution Econ effect elasticity equilibrium exploitation factors factors of production Figure Hicks imperfect competition indicated indifference curve individual firm industry Keynes Keynesian labor demand labor market labor units labor's share level of employment level of wages long-run marginal productivity principle marginal productivity theory marginal revenue maximize membership function ment money illusion money wages monopsonistic monopsony MRP curve MRP function output party preference product curve product of labor profit real wages relative result sectors shift short-run strike supply curve supply function supply of labor supply schedule tend Theory of Wages tion trade union UNITS OF LABOR wage and employment wage change Wage Determination wage increase wage level wage rate wage theory wage-employment combination workers