Labour, An Equivocal Concept for Economic Analyses
AbstractEver 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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Bibliographic InfoPaper provided by School of Economics and Management, University of Aarhus in its series Economics Working Papers with number 2000-5.
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Heterogenous labour; measurement and mathematical representability; economic methodology;
Find related papers by JEL classification:
- B4 - Schools of Economic Thought and Methodology - - Economic Methodology
- C0 - Mathematical and Quantitative Methods - - General
- E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
- J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
This paper has been announced in the following NEP Reports:
- NEP-ALL-2000-10-05 (All new papers)
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