Abstract
The main features of Hobson’s contributions to the interrelated theories of income distribution and prices are to be found in two articles published in 1891 in the Quarterly Journal of Economics, namely ‘The Law of the Three Rents’ and ‘The Element of Monopoly in Prices’. These articles, together with ‘The Economics of Bargaining’ (1899), provide the basis of The Economics of Distribution. Before examining the arguments developed in these works, however, we look briefly at Hobson’s explanation of changes in the distribution of income between occupational categories.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 1996 Michael Schneider
About this chapter
Cite this chapter
Schneider, M. (1996). Income Distribution and Prices. In: J. A. Hobson. Contemporary Economists. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-24750-9_3
Download citation
DOI: https://doi.org/10.1007/978-1-349-24750-9_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-24752-3
Online ISBN: 978-1-349-24750-9
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)