The Political Economy of Wages

Thomas, Alex M. (2023) The Political Economy of Wages. In: Encyclopedia of New Populism and Responses in the 21st Century. Springer, Singapore.

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Abstract

Populism, insofar as it relates to economic policies, can be better understood by examining the dominant way of discussing wages in economics. Hence, marginalist labor economics is critically appraised. Subsequently, a classical political economic understanding of wages is outlined, and its superiority is demonstrated. After discussing the implications of the two theories of wages for policy, the essay concludes by making some critical remarks on the relationship between economic theories and policies.

Item Type:	Book Section
Authors:	Thomas, Alex M.
Editors:	Editors Email ORCID Chacko Chennattuserry, J UNSPECIFIED UNSPECIFIED Deshpande, M UNSPECIFIED UNSPECIFIED Hong, P UNSPECIFIED UNSPECIFIED
Document Language:	Language English
Uncontrolled Keywords:	Wages, Political economy, Economic ideas, Economic policy
Subjects:	Social sciences > Economics
Divisions:	Azim Premji University > School of Arts and Sciences
Full Text Status:	Restricted
Related URLs:	Publisher
URI:	http://publications.azimpremjiuniversity.edu.in/id/eprint/5028
Publisher URL:

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