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Published in:
1957 | OriginalPaper | Chapter
Structural Inflation And The Economic Function Of Wages: The French Example
Author : François Perroux
Published in: The Theory of Wage Determination
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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The share of wages in the French national income is approximately constant and very considerable. Moreover, the structure of wages is highly rigid. We propose to analyse the causes of this rigidity and to show how it contributes to making the economy inherently inflationary. Finally, we shall inquire whether the rigidity of wages does not denote a fundamental misconception of the economic function of wages under any economic system, and we shall suggest a reconsideration of distribution theory.