Laws of Wages : An Essay in Statistical Economics

By Moore, Henry Ludwell

Description
Economic Theory Literature

Excerpt
Introduction: THERE are five circumstances the coexistence of which at the present time will probably determine in the near future the direction and character of such economic investigations as shall have for their object the discovery of general facts and laws: (1) The pure theory of economic statics has reached a definite ? thematically symbolic form; it supplies a general view of the economic field, and indicates the desiderata for further theoretical inquiries. The utility of economic theory is to be measured by the degree in which it solves its triple task of definition and analysis of concepts, the discovery of appropriate methods for handling mutually dependent social phenomena, and the presentation of a general view of the economic field. Clearness and precision of definition are absolutely indispensable to any form of quantitative work. So long as economic terms were employed with the vagueness illustrated by Jevons when he showed that in the use of the word value three distinct meanings mere habitually confused, it was not to be expected that we could profitably discuss such matters as economic doc-.

Table of Contents
CONTENTS PAGE Introduction . . . . . . . . . . . 1 CHAPTER I STATISTICAL LAWS A Scatter Diagram . . . . . . . . . 11 Definition of Terms . . . . . . . . . 15 Characteristics of Statistical Laws . . . , . . 21 CHAPTER I1 WAGES, MEANS OF SUBSISTENCE, AND THE STANDARD OF LIFE Description of Data . . . . . . . . . 26 Wages and the Means of Subsistence . . . . . . 29 Wages and the Standard of Life . . . . . . . 33 Wages of Skilled and of Unskilled Laborers . . . . 39 CHAPTER I11 WAGES AND THE PRODUCTIVITY OF LABOR Description of Data . . . . . . . . 45 Fluctuations in the Rate of Wages and in the Value of the Product . . . , . . . . . . 46 Fluctuations in the Laborer's Relative Share of the Product and in the Ratio of Capital to Labor . . . . . . 55 The General Trend of Wages . . . . . . . 61

Book Id: WPLBN0000661033
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Full Text

Title:

Laws of Wages : An Essay in Statistical Economics

Author:

Moore, Henry Ludwell

Volume:

Language:

English

Subject:

Political science., Economics and literature, Economic & political studies series

Collection:

Economics Publications Collection

Subcollection:

Historic
Publication Date:

Publisher:

Archive for the History of Economic Thought

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