Abstract
This chapter provides a step-by-step approach to calculating Living Wages, Living Income and Fair Prices, whereby the difference is highlighted between a situation of full employment and situations where full employment does not exist.
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Notes
- 1.
For a detailed description of how to calculate Living Wages according to the Anker methodology, see Anker, Richard and Anker, Martha, Living Wages Around the World, Edward Elgar 2017.
- 2.
Note that this is a very economic approach. Especially with pastoralists there are many other reasons to keep livestock, such as an investment for bad times, to be given as dowry and for status.
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Bronkhorst, R. (2020). Steps to Be Taken to Calculate Fair Prices. In: The Economics of Human Rights. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-59166-3_16
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DOI: https://doi.org/10.1007/978-3-030-59166-3_16
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Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-59165-6
Online ISBN: 978-3-030-59166-3
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