12. Capitalism Microeconomics: Marxian exploitation theory, economic history and the businessmen

from The Capitalist Professor with George Reisman, Ph.D. - Free College Courses on Capitalism · host George Reisman

The division of labor and the concept of productive activity. Exposition and critique of the Marxian exploitation theory. The productivity theory of wages. Labor unions and labor legislation. A reinterpretation of modern economic history. The productive functions of businessmen and capitalists, of retailing, wholesaling, and advertising. READINGS Reisman: Chapters 11 and 14 von Mises, Human Action: pp. 592-623, 628-634, 769-779 Optional: Samuelson, Chapter 13

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