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Keywords: Wage determination
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Journal Articles
Journal:
Journal of Management History
Journal of Management History (2018) 24 (3): 300–315.
Published: 04 June 2018
... of wage determination. Webb and Webb (1902 , p. 779) rejected the arguments of the classical and neoclassical theorists. They said that subsistence wage should be more correctly referred to as a parasitic wage. If they were to accept that wages rested in the equilibrium price of labor, then trade...
