wage-fund doctrine

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François Quesnay (1694—1774)

David Hume (1711—1776) philosopher and historian

Adam Smith (1723—1790) moral philosopher and political economist


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The idea that wages for productive activities are paid out of a fixed fund of capital. The wage-fund doctrine was developed in the eighteenth-century writings of Richard Cantillon, François Quesnay ...

Subjects: Social Sciences.

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