EPISODE · Sep 13, 2020 · 3H 4M

6. Capitalism Microeconomics - Production, Prices & Wages

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

Tendencies toward uniform prices over space and time; applications to the Arab oil embargo and commodity speculation. Tendency toward a uniformity of wage rates at any given level of ability. Equal pay for equal work. Permanent inequalities in wage rates. Prices and costs of production. Ultimate analysis of cost of production. Cost of production and supply and demand. READINGS Reisman: Chapter 6, Part B Samuelson: Chapter 6, Part A; Chapter 7, Parts A and C

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6. Capitalism Microeconomics - Production, Prices & Wages

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