Chapter 8. Personal Loyalty
Chapter 14. Price and Wages Abstract When studied in their most ancient uses and referred to their Indo-European origin, the words for wages—in particular Gr. misthós, Got. laun (German Lohn)—show that before designating the “price for some piece of work,” they signified “reward for a brilliant exploit,” “prize in a competition.” As for Lat. merces, which also does not signify “wage” in the modern sense, its connection with merx ‘merchandise’… Read more