Work and Welfare

The Social Costs of Labor in the History of Economic Thought

By:

Donald R Stabile

Format:

Hardback

Series:

Contributions in Economics and Economic History

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Description

This work presents an individual perspective on the history of economic thought by showing that classical economists from Adam Smith to Alfred Marshall had sympathy for workers, such that their 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 labour, should appeal to economists and others concerned with the plight of workers, as the modern economy restructures itself.

Author Biography:

DONALD R. STABILE is Professor of Economics and Chair of the Economics Department at St. Mary's College of Maryland. He is associate editor of Business Library Review and has conducted seminars on Thorstein Veblen and Alexander Hamilton for the program of summer seminars for school teachers of the National Endowment for Humanities. He is coauthor (with Jeffrey Cantor) of The Public Debt of the United States (Praeger, 1991), and author of Activist Unionism (1993) and Prophets of Orde(1984).

Release date Australia

February 6th, 1996

Author

Donald R Stabile

Audiences

Postgraduate, Research & Scholarly
Professional & Vocational
Undergraduate

Interest Age

From 7 to 17 years

Pages

240

Series

Contributions in Economics and Economic History

Dimensions

156x240x14

ISBN-13

9780313297380

Product ID

7110410

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