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The Theory of Wages.
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The Theory of Wages. - 1934

by DOUGLAS, Paul H

  • Used
  • Hardcover
  • first

Description

New York: The Macmillan Company,, 1934. First edition, first printing. The Theory of Wages won the Hart, Schaffner, and Marx international prize in 1927 whilst still in manuscript, and was heavily revised before publication here. Responsible, together with Charles W. Cobb, for the famous Cobb-Douglas production function, Douglas was "a pioneer econometrician whose work had as its starting point the marginal productivity of his teacher John Bates Clark... His work at Chicago as a teacher enabled him to organise research projects designed to test the marginal productivity theory of distribution. The Theory of Wages contains his main contribution to this field" (Who's Who in Economics). Octavo. Original green cloth (also known in red cloth, without established priority), spine lettered in gilt. With numerous charts and a folding table. Light rubbing and nicks at extremities, a few minor pencilled marginalia but generally clean internally; a near-fine, tight copy.
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