Work and Welfare
The Social Costs of Labor in the History of Economic Thought
Work and Welfare
The Social Costs of Labor in the History of Economic Thought
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Description
This interesting work presents a unique perspective on the history of economic thought by showing that classical economists from Adam Smith to Alfred Marshall had sympathy for workers - for example, the theory of the subsistence wage echoed the theological call for a just wage that existed in the middle ages. It also describes how these thinkers promoted either a set of social obligations or a form of social insurance to assist workers. These economic thinkers of the past argued that a subsistence standard of living was important to maintain and improve workers' efficiency and to raise healthy families. The notion that these writers had an undeveloped theory of social costs that they applied to labor should appeal to economists and others concerned with the plight of workers as the modern economy restructures itself.
Table of Contents
Adam Smith: The Friend of Labor
Malthus, Ricardo and Bentham: The Fund for Maintaining Labor
John Stuart Mill and Labor's Responsibility
Karl Marx: The Alienation and Exploitation of Labor
Marginalism, Moral Character and Work
Institutional Economics and the Community Approach to Labor
Orthodox Economics and the Scientific Treatment of Labor
Conclusion: The Endangered Worker
Bibliography
Index
Product details
| Published | 06 Feb 1996 |
|---|---|
| Format | Hardback |
| Edition | 1st |
| Extent | 240 |
| ISBN | 9780313297380 |
| Imprint | Praeger |
| Dimensions | 235 x 156 mm |
| Series | Contributions in Economics and Economic History |
| Publisher | Bloomsbury Publishing |
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