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Further Consequences of Wage-Regulation

In: The Theory of Wages

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  • J. R. Hicks

    (University of Oxford)

Abstract

How far can we expect the process of contraction described in the last chapter to lead to the establishment of a new equilibrium? This is the first question which we must endeavour to solve with the aid of our analysis of Distribution and Economic Progress. (It is true that we are now concerned with a process of decline, rather than one of progress; but, within limits, our earlier analysis was equally applicable to either case.)

Suggested Citation

  • J. R. Hicks, 1963. "Further Consequences of Wage-Regulation," Palgrave Macmillan Books, in: The Theory of Wages, chapter 0, pages 198-216, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-00189-7_10
    DOI: 10.1007/978-1-349-00189-7_10
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