Wage Theories

Wage Theories

1.    The Just Wage for the Middle Age

2.    Classical Theories of Wages

I.              Adam Smith Contribution to wage theory

II.            The Subsistence theory of Wage

III.           The standard of living theory

IV.          The wage fund theory

V.            Residual Claimant Theory

3.    Neo  Classical Modern Theories

I.              The Marginal Productivity Theory

II.            The Bargaining Theory of Wage

III.           Taussing Theory of Wage

IV.          Kaleck’s Theory of Wages

V.            Keynes Theories of Wages