tag:blogger.com,1999:blog-4900303239154048192.post1580711650622368808..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Missing: the strange disappearance of S. J. Chapman’s theory of the hours of labour (9)Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4900303239154048192.post-27713728293661186212010-07-17T14:44:26.058-04:002010-07-17T14:44:26.058-04:00When I wrote Work and Welfare in Economic Theory, ...When I wrote Work and Welfare in Economic Theory, I missed Chapman's contribution. I am grateful to you for having given me the possibility of learning about his very important article. <br />Ugo Pagano<br />ugopagano.infoUnknownhttps://www.blogger.com/profile/07145100299446057503noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-30254398986550237912008-11-13T13:24:00.000-05:002008-11-13T13:24:00.000-05:00I really appreciate all of this stuff about labor....I really appreciate all of this stuff about labor. Though I cannot mathematize and model anything, the basic descriptions are sufficient. <BR/><BR/>Consider that if one has access to productive land then ones labor is not "sold or used in the production of goods for other people". Ones labor is used in pursuit of ones own consumption. From the employee point of view that is true in any event. The Jevons view is therefore more correct in that it covers all the cases. We work as much as we need to work in order to satisfy our own lust for pleasure/leisure/lip gloss.<BR/><BR/>A national health insurance system (socialization) will have done more for labor mobility and hours of work than any other action of government. The amount of hours of labor in any amount of output is not tied to some standard work week but for the fact that each employee represents a fixed cost to an owner (means of production). And the largest of those costs is health insurance. Dramatically reducing that fixed cost per employee improves the possibilities of flexible hours and part time work.<BR/><BR/>If workers are less productive as they work longer hours then employers will, in their own best interest, limit the hours per employee and perhaps hire more people. Most certainly the number of proprietorships will increase dramatically as "workers" tell the boss to "take this job and shove it". Real wages will rise.TheTruckerhttps://www.blogger.com/profile/10346127768102862741noreply@blogger.com