Fundamentals of Economic Analysis: A Causal-Realist Approach
Joseph T. Salerno
10 episodes
9 months ago
Joseph T. Salerno and Peter G. Klein are two of the most productive micro-economists in the Austrian School today. This seminar provides an introduction to Austrian Economics. Presented at the Mises Institute, 11-15 June 2007.
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Joseph T. Salerno and Peter G. Klein are two of the most productive micro-economists in the Austrian School today. This seminar provides an introduction to Austrian Economics. Presented at the Mises Institute, 11-15 June 2007.
5. Pricing of the Factors of Production and the Labor Market
Fundamentals of Economic Analysis: A Causal-Realist Approach
18 years ago
5. Pricing of the Factors of Production and the Labor Market
Factors of Production are economic goods: scarce means used to achieve an individual’s ends. They are land, labor and capital. Each is examined. Incomes are earned by factor owners as production takes place. There is no separated production and distribution.
Fundamentals of Economic Analysis: A Causal-Realist Approach
Joseph T. Salerno and Peter G. Klein are two of the most productive micro-economists in the Austrian School today. This seminar provides an introduction to Austrian Economics. Presented at the Mises Institute, 11-15 June 2007.
