Cantillon on Real Wages and Employment: a rational reconstruction of the significance of land utilization
Field | Value | Language |
dc.contributor.author | Aspromourgos, Tony | |
dc.date.accessioned | 2010-11-02 | |
dc.date.available | 2010-11-02 | |
dc.date.issued | 1995-11-01 | |
dc.identifier.isbn | 0867589027 | |
dc.identifier.uri | http://hdl.handle.net/2123/6744 | |
dc.description.abstract | It is quite a fundamental proposition of Richard Cantillon's Essai sur la Nature du Commerce en General (1755) that employment and population bear a negative relation to the level of real subsistence wages - a form of wages (or subsistence) fund doctrine. This paper presents a 'rational reconstruction' of Cantillon's system and the relation between real wages and employment within it. It seeks thereby to clarify the difficulties in the way of this doctrine operating in a market economy constructed along Cantillonian lines - as opposed to a Cantillonian command economy. These results are contrasted with a model of Cantillon by Hans Brems. | en_AU |
dc.language.iso | en_AU | en_AU |
dc.publisher | Department of Economics | en_AU |
dc.relation.ispartofseries | 222 | en_AU |
dc.title | Cantillon on Real Wages and Employment: a rational reconstruction of the significance of land utilization | en_AU |
dc.type | Working Paper | en_AU |
dc.contributor.department | Department of Economics | en_AU |
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