‘Dynamic Equilibrium’ with Constant Wages: J. S. Mill's Malthusian Analysis of the Secular Wage Path

Samuel Hollander

doi:10.1111/j.1467-6435.1984.tb00751.x

‘Dynamic Equilibrium’ with Constant Wages: J. S. Mill's Malthusian Analysis of the Secular Wage Path

Samuel Hollander

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Abstract

According to Malthusian growth theory the wage rate may be maintained constant on the path to the stationary state, at a level above ‘subsistence’ by appropriate reductions in the population growth rate. In this paper we document J. S. MILL'S version of the Malthusian model and various applications thereof.

Original language	English
Pages (from-to)	247-265
Number of pages	19
Journal	Kyklos
Volume	37
Issue number	2
DOIs	https://doi.org/10.1111/j.1467-6435.1984.tb00751.x
State	Published - 1 Jan 1984
Externally published	Yes

ASJC Scopus subject areas

Arts and Humanities (miscellaneous)
Economics and Econometrics

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10.1111/j.1467-6435.1984.tb00751.x

Cite this

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abstract = "According to Malthusian growth theory the wage rate may be maintained constant on the path to the stationary state, at a level above {\textquoteleft}subsistence{\textquoteright} by appropriate reductions in the population growth rate. In this paper we document J. S. MILL'S version of the Malthusian model and various applications thereof.",

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AB - According to Malthusian growth theory the wage rate may be maintained constant on the path to the stationary state, at a level above ‘subsistence’ by appropriate reductions in the population growth rate. In this paper we document J. S. MILL'S version of the Malthusian model and various applications thereof.

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‘Dynamic Equilibrium’ with Constant Wages: J. S. Mill's Malthusian Analysis of the Secular Wage Path

Abstract

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