• 5. Pricing of the Factors of Production and the Labor Market

  • 2007/06/13
  • 再生時間： 1分未満
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5. Pricing of the Factors of Production and the Labor Market

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  • 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.

    Consumer goods and producer goods are subjectively determined by how they are used.

    Factor pricing is by the Austrian theory of imputation.

    To Austrians, all costs are opportunity costs.

    The fifth in a series of ten lectures, from Fundamentals of Economic Analysis: A Causal-Realist Approach.

    Download the MP4 video.
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あらすじ・解説

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.

Consumer goods and producer goods are subjectively determined by how they are used.

Factor pricing is by the Austrian theory of imputation.

To Austrians, all costs are opportunity costs.

The fifth in a series of ten lectures, from Fundamentals of Economic Analysis: A Causal-Realist Approach.

Download the MP4 video.
続きを読む 一部表示

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