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Many early economists defended the wage-fund doctrine, arguing that wages were regulated by a fixed pool of capital available for labor.
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Many early economists defended the wage-fund doctrine, arguing that wages were regulated by a fixed pool of capital available for labor.
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Related words
wage-fund doctrine
Noun
Japanese Meaning
国において常に一定の資本が労働に支払われるために準備されているとする経済理論。 / 労働者全体でこの賃金基金が分配されるため、平均賃金は基金の大きさと労働者数の比率によって決定されるという見解。
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