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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