СМИТОВА ТЕОРИЈА НАДНИЦА И ЊЕН УТИЦАЈ НА ТЕОРИЈУ НАДНИЦА У 19. ВЕКУ
SMITH’S THEORY OF WAGES AND ITS IMPACT ON THE THEORY OF WAGES IN THE 19-TH CENTURY
Author(s): Božo StojanovićSubject(s): Economic history, Labor relations, 19th Century, Socio-Economic Research
Published by: Српско социолошко друштво
Keywords: subsistence theory of wages; wages-fund doctrine; Mill’s „recantation“; human capital theory;
Summary/Abstract: Adam Smith has not accepted subsistence theory of wages as an explanation of wages. He can be marked not only as a founder of wages-fund theory, but also of the bargaining theory of wages. Wage-fund doctrine dominated the next hundred years of English economics. Besides, Smith’s explanation of the differentials in wage rates among occupations were accepted by his succcessors for a century. That was the first step into direction of human capital theory.
Journal: Социолошки преглед
- Issue Year: 39/2005
- Issue No: 2
- Page Range: 153-181
- Page Count: 29
- Language: Serbian