George Reisman's Blog on Economics, Politics, Society, and Culture

This blog is a commentary on contemporary business, politics, economics, society, and culture, based on the values of Reason, Rational Self-Interest, and Laissez-Faire Capitalism. Its intellectual foundations are Ayn Rand's philosophy of Objectivism and the theory of the Austrian and British Classical schools of economics as expressed in the writings of Mises, Böhm-Bawerk, Menger, Ricardo, Smith, James and John Stuart Mill, Bastiat, and Hazlitt, and in my own writings.

Showing posts with label worker need. Show all posts
Showing posts with label worker need. Show all posts
Tuesday, April 12, 2011

Wages and the Irrelevance of Worker Need and Employer Greed

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The Marxian doctrine of the alleged arbitrary power of employers over wages appears plausible because there are two obvious facts that it re...
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