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Wage Goods

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Abstract

The concept of ‘wage goods’ had socio-political as well as economic significance in the early history of distribution theory. The ‘necessaries’ that comprised the subsistence of workers set them apart, as a class, from landowners and capitalists who consumed luxuries and conveniences.

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Bibliography

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© 2018 Macmillan Publishers Ltd.

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Rima, I.H. (2018). Wage Goods. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1361

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