Advertisement

Cheerful and Hearty Economics

  • Gavin Kennedy

Abstract

There are two more things we should review from Smith’s narrative. First, what determines the shares of the revenues paid to rent, profit and wages? This looks fearfully uninteresting — a result of my posing it in economic terms. But it is central to his narrative: the parties bargain for their shares in unequal contests.

Keywords

Wage Rate Progressive State Sales Revenue Wage Offer Current Market Price 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Gavin Kennedy 2005

Authors and Affiliations

  • Gavin Kennedy
    • 1
  1. 1.EdinburghUK

Personalised recommendations