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Volume 48 - September 1988

Contents

Page 3 of 16

Notes and Discussion

Papers Presented at the Forty-Seventh Annual Meeting of the Economic History Association

Reviews of Books

Review Article

Notes and Discussion

Papers Presented at the Forty-Seventh Annual Meeting of the Economic History Association

  • Wage Determination Theory and the Five-Dollar Day at Ford

  • Daniel M.G. Raff
  • Published online by Cambridge University Press:
    03 March 2009, pp. 387-399

  • This paper examines the five-dollar day compensation policy instituted by the Ford Motor Company in 1914 in light of recent developments in wage-determination theory. The new wage was above the opportunity cost of the labor employed. Yet various efficiency wage theories, by which high wages increase output, are shown to provide an implausible explanation. The particular (and epochal) technical change that occurred at Ford and the attitudes and beliefs of relevant actors suggest instead a rent-sharing theory driven by the threat of collective action by labor. This confluence, not the money, marks the episode as a watershed.

  • The Russian Private Banking Houses, 1870–1914

  • Boris V. Anan'ich
  • Published online by Cambridge University Press:
    03 March 2009, pp. 401-407

  • This article discusses the Russian private banking houses between 1870 and 1914. The author concludes that these enterprises played an important, and largely unregulated, role in the Russian credit system prior to 1914. Their conflicts with the Ministry of Finance testify to the growing influence of business circles in Russian life shortly before the war.

Editor's Notes

  • Editors' Notes

  • Published online by Cambridge University Press:
    03 March 2009, pp. 155-159
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Reviews of Books

Notes and Discussion

Summaries of Dissertations

Reviews of Books

Notes and Discussion

Reviews of Books

Review Article

Summaries of Dissertations

Page 3 of 16