wages-fund

In his exposition of the term "capital" Professor Böhm-Bawerk briefly touches on the wages-fund doctrine, so far as to reject summarily the proposition that the means of subsistence of productive laborers is drawn from the capital of the community, although, from the point of view of the employer, these "real wages" are to be regarded as drawn from his private capital.

Thorstein Veblen on The Web 2008

Yet the educated world, supported by the majority of economic thinkers, up to the publication of Ricardo's work strenuously denied this doctrine, and its ultimate acceptance was exclusively due to their inability to meet the now exploded wages-fund doctrine.

The General Theory of Employment, Interest, and Money 2003

Mill's successors rejected his wages-fund theory but overlooked the fact that Mill's refutation of Malthus depended on it.

The General Theory of Employment, Interest, and Money 2003

The last echo of the controversy is to be found in John Stuart Mill's discussion of his wages-fund theory, which in his own mind played a vital part in his rejection of the later phase of Malthus, amidst the discussions of which he had, of course, been brought up.

The General Theory of Employment, Interest, and Money 2003

In 1867 a book by W.T. T.ornton, _On Labor, its Wrongful Claims and Rightful Dues_, successfully attacked the wages-fund theory, since which time the belief that the rate of wages was absolutely determined by the amount of that fund and the number of laborers has gradually been given up.

An Introduction to the Industrial and Social History of England Edward Potts Cheyney 1904

Had it occurred to Mill to construct this Sorites, he would have modified his doctrine of the wages-fund, and would have spared many critics the malignant joy of refuting him.

Logic Deductive and Inductive Carveth Read 1889

Yet the educated world, supported by the majority of economic thinkers, up to the publication of Ricardo's work strenuously denied this doctrine, and its ultimate acceptance was exclusively due to their inability to meet the now exploded wages-fund doctrine.

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