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Listen "Production: Particular Factor Prices and Productive Incomes"
Episode Synopsis
The pricing, supplies, and incomes of particular factor prices - labor and land - and the effects of a changing economy upon them are discussed as Rothbard viewed them. The theory of rent is a highlight of this chapter. The Mengarian causal-realist tradition is integrated here.The section on costs, vertical integration, and size of the firm add to the socialist calculation issue.An Alice J. Lillie Seminar. This lecture covers pp. 557-627 in the Scholar's Edition of Rothbard's Man, Economy, and State.
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