Capitalism Macroeconomics Lecture 6

Capitalism Macroeconomics Lecture 6

Update: 2020-10-06
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Mass unemployment: the causes and the remedy. Real wages and the productivity of labor. Is government intervention to promote labor unions and raise wages in the self-interest of the wage earners or is its actual effect to cause unemployment and hold down the rise in real wages?


READINGS



  • Reisman: pp. 613–663

  • Hazlitt: pp. 134-151 (chaps. XIX-XXI)

  • Samuelson: Chapter 14

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Capitalism Macroeconomics Lecture 6

Capitalism Macroeconomics Lecture 6

George Reisman