The Market and the State: Essays in Honour of Adam SmithClarendon Press, 1976 - 359 páginas |
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Página 207
... commodity , can be seen as the sum of all revenues per unit of output . " If we call H the number of hours of labour directly or indirectly embodied in that commodity , W the wage rate per unit of time ( per hour ) , and d the ratio of ...
... commodity , can be seen as the sum of all revenues per unit of output . " If we call H the number of hours of labour directly or indirectly embodied in that commodity , W the wage rate per unit of time ( per hour ) , and d the ratio of ...
Página 208
... commodity . Although Smith does not explicitly make the assumption of a stable wage share , that assumption seems to ... commodity used as money , in terms of a commodity produced with quantities of labour varying in inverse proportion ...
... commodity . Although Smith does not explicitly make the assumption of a stable wage share , that assumption seems to ... commodity used as money , in terms of a commodity produced with quantities of labour varying in inverse proportion ...
Página 333
... commodity money system , absolute prices also . However , commodity money is inherently inefficient . There will therefore be a tendency for com- petition to cause it to be replaced as a medium of exchange by bank money , i.e. debts of ...
... commodity money system , absolute prices also . However , commodity money is inherently inefficient . There will therefore be a tendency for com- petition to cause it to be replaced as a medium of exchange by bank money , i.e. debts of ...
Contenido
Adam Smith and the Industrial | 1 |
Smiths Contribution in Historical Perspective | 44 |
Sympathy and SelfInterest | 73 |
Derechos de autor | |
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Términos y frases comunes
Adam Smith aggregate demand agricultural analysis balance of payments banking benefit Britain British Cannan capital cent century changes commodity competition concept consumers costs course defence discussion distribution division of labour economic growth economic thought effects efficiency employment equal Europe exchange exports external factor fiscal free trade function important income increase individual industrial revolution inflation institutions interest investment Josiah Wedgwood labour market less limited London long-run manufactures marginal ment mercantilist modern economists monetary money supply monopoly Moral Sentiments natural liberty output perhaps Political Economy Political Economy Club population production Professor Musgrave profits progress Public Expenditures Public Finance question redistribution restrictions Ricardo rise role sector self-interest share Smithian social social welfare function society sympathy taxation terms of trade Theory of Moral tion tropical utility wages Wealth of Nations Wedgwood welfare economics