efficiency wage theory
1Efficiency wages — In labor economics, the efficiency wage hypothesis argues that wages, at least in some markets, are determined by more than simply supply and demand. Specifically, it points to the incentive for managers to pay their employees more than the… …
2wage and salary — ▪ economics Introduction income derived from human labour. Technically, wages and salaries cover all compensation made to employees for either physical or mental work, but they do not represent the income of the self employed. Labour costs… …
3Theory of the firm — The theory of the firm consists of a number of economic theories that describe the nature of the firm, company, or corporation, including its existence, behavior, structure, and relationship to the market.[1] Contents 1 Overview 2 Background …
4Theory of Deep Democracy — Theory of Deep DemocracyThe theory of deep democracy makes a distinction between merely formal and deeper forms of democracy. Formal democracy is an important part of deep democracy, but it is merely a beginning or a necessary condition. In order …
5Minimum wage — A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. Equivalently, it is the lowest wage at which workers may sell their labour. Although minimum wage laws are in effect in a great many… …
6Classical theory of growth and stagnation — Classical economics refers to work done by a group of economists in the eighteenth and nineteenth centuries. The theories developed mainly focused on the way market economies functioned. Classical Economics study mainly concentrates on the… …
7distribution theory — ▪ economics Introduction in economics, the systematic attempt to account for the sharing of the national income among the owners of the factors of production land, labour, and capital. Traditionally, economists have studied how the costs of …
8Postmodernist theory — Lyotard, Baudrillard and others Thomas Docherty INTRODUCTION Philosophy has been touched by postmodernism. Philosophy, in the modern academy, is supposed to be the discipline of disciplines: it is philosophy which will be able to gather together …
9History of capitalist theory — The theory of capitalism describes the essential features of capitalism and how it functions. OverviewThe conception of what constitutes capitalism has changed significantly over time, as well as being dependent on the political perspective and… …
10МИКРОЭКОНОМИЧЕСКОЕ ОБОСНОВАНИЕ — (microfoundations) База макроэкономической модели (macroeconomic model), в которой экономические события определяются рациональным поведением максимизирующих полезность индивидов (utility maximizing behaviour). B конце 1960 х гг. пришло понимание …
