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THE LINK BETWEEN CAPITAL ACCUMULATION AND INCREASING WAGES IN AN UPDATED VERSION OF SMITH’S THEORY OF POPULATION
Journal of the History of Economic Thought ( IF 0.583 ) Pub Date : 2020-09-09 , DOI: 10.1017/s1053837219000531
Ferdinando Meacci

The aim of this paper is to focus, within Adam Smith’s system of thought, on the various aspects of the twofold link between the accumulation of capital and the demand for labor, on the one hand, and between an increasing population and increasing wages, on the other. This link is examined, first, in the light of the relationship between the principles of self-interest and competition; and, second, in support of the possibility that the long-run supply of labor may fall short of the long-run demand for it. The paper’s main argument is that this possibility is peacefully implemented in advancing economies by the “uniform, constant, and uninterrupted effort of every man to better his condition,” which lies behind a continuous process of capital accumulation and technical progress along with the birth control techniques so widely used in our times.

中文翻译:

史密斯人口理论的更新版本中资本积累与工资增长之间的联系

本文的目的是,在亚当·斯密的思想体系中,一方面关注资本积累和劳动力需求之间的双重联系的各个方面,另一方面关注人口增长和工资增长之间的双重联系。另一个。首先,根据自利原则与竞争原则之间的关系来考察这一联系;其次,支持劳动力的长期供给可能低于长期需求的可能性。该论文的主要论点是,通过“每个人一致、持续和不间断地努力改善自己的状况”,这种可能性在发展中的经济中得到了和平实施,这背后是资本积累和技术进步以及节育的持续过程。我们这个时代广泛使用的技术。
更新日期:2020-09-09
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