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Labour, An Equivocal Concept for Economic Analyses


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  • Ebbe Yndgaard

    (Department of Economics, University of Aarhus, Denmark)

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    Ever since the adoption of the symbiosis of mathematical analytical methods and marginalism in economics, there has been a tendency of negligence in the sense that it is seldom to ask the dual question: what are the fundamental assumptions on which the above approach is resting and are they worth while as measured by realia? In a rather informal form we try to address some aspects of these basic questions. A main result is that it is very doubtful to rely too naively on main stream results, relying on a one- dimensional concept of homogenous labour. Most of the standard results on this foundation - including those of unemployment - are ambiguous, at best.

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    Paper provided by School of Economics and Management, University of Aarhus in its series Economics Working Papers with number 2000-5.

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    Length: 16
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    Handle: RePEc:aah:aarhec:2000-5

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    Keywords: Heterogenous labour; measurement and mathematical representability; economic methodology;

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