The reversal of classical wage theory

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PDF-Portuguese (Português (Brasil))
Published: Jan 1, 1989
DOI: https://doi.org/10.1590/0101-31571989-1239
Keywords:
History of economic thought wages classical political economy sraffian economics

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Antonio Carlos Alves dos Santos
Fundação Getúlio Vargas, São Paulo/SP, Brasil.

Abstract

This paper discusses that Ricardo’s and Marx’s wages theory, very similar, are
not appropriated to explain the wages in the modern capitalism. We propose that Sraffa’s
theory is much more appropriated to discuss it in the modern capitalism. To him the profit
rate is seen as an independent variable while wages are considered as a residual one.


JEL Classification: B12; B24

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How to Cite
Santos, Antonio Carlos Alves dos. 1989. “The Reversal of Classical Wage Theory”. Brazilian Journal of Political Economy 9 (1):77-82. https://doi.org/10.1590/0101-31571989-1239.
Issue
Vol. 9 No. 1 (1989): Jan-Mar / 1989
Section
Communication.