Cantillon on Real Wages and Employment: a rational reconstruction of the significance of land utilization

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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
dc.language.iso	en_AU	en
dc.publisher	Department of Economics	en
dc.relation.ispartofseries	Working Papers in Economics	en
dc.rights	Other
dc.title	Cantillon on Real Wages and Employment: a rational reconstruction of the significance of land utilization	en
dc.type	Working Paper	en
usyd.faculty	Faculty of Arts and Social Sciences, School of Economics
usyd.department	Department of Economics	en
usyd.citation.issue	222	en