labor market equilibrium

Max Sawicky sawicky at epinet.org
Tue Feb 15 17:44:38 PST 2000


Can someone recommend a thorough but introductory chapter on the neo-classical theory of labor market equilibrium? I always find myself stalled at the first assumption, that if prices or quantities of the goods produced rise then wages rise (because demand for labor rises) in a proportional amount. . . .

This is a macro result. You want a mainstream macro text. A labor econ text would typically abstract from the price level and look at 'micro' topics.

mbs



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