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The Living Wage
Lessons from the History of Economic Thought

Donald R. Stabile, Professor of the College, St Mary’s College, Maryland, US
2008 176 pp Hardback 978 1 84844 197 2 £59.95 on-line discount £53.96

For the last decade a movement for providing workers with a living wage has been growing in the US. This book describes how great thinkers in the history of economic thought viewed the living wage and highlights how the ideas of the early economists such as Adam Smith and John Stuart Mill support the idea of a living wage and contrast with the ideas of more recent free-market economists who do not. The lessons we can learn from the contrasting ideas of both the early and recent economists will help us to think more clearly about the issues surrounding whether workers should be paid a living wage.

Contents: Preface 1. Introduction: The Living Wage 2. Sustainability: Subsistence, Necessities and Unions 3. Capability: Work and Wages, Virtue and Skill 4. Externality, Community and Wages 5. Lessons from the History of Economic Thought Bibliography Index


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