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Sir John Richard Hicks Quotes: The theory of the determination of wages in a free market is simply a special case of the general theory of value. Wages are the price of labour.
         

The theory of the determination of wages in a free market is simply a special case of the general theory of value. Wages are the price of labour.


Sir John Richard Hicks
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Other quotes of Sir John Richard Hicks


Investment is a flighty bird which needs to be controlled.

Investment is a flighty bird which needs to be controlled.



We ought to define a man's income as the maximum value which he can consume during a week, and still expect to be as well off at the end of the week as he was at the beginning.

We ought to define a man's income as the maximum value which he can consume during a week, and still expect to be as well off at the end of the week as he was at the beginning.



The best of all monopoly profits is a quiet life.

The best of all monopoly profits is a quiet life.





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Quote Description


This page presents the quote "The theory of the determination of wages in a free market is simply a special case of the general theory of value. Wages are the price of labour.". Author of this quote is Sir John Richard Hicks. This quote is about theory, business, special, determination, wages, labour, free market,.