EPISODE · Sep 11, 2020 · 3H 14M

4. Capitalism Microeconomics: Division of labor

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

The division of labor as the central requirement of a high and rising output per capita; its advantages and alleged shortcomings. Dependence of the division of labor on the economic institutions of capitalism, especially the price system. Prices, economic planning, and economic coordination. READINGS Reisman: Chapter 4; Chapter 5, Part A; Chapter 8 von Mises, Human Action: pp. 143-176

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