Titlebook: A Critique of Orthodox Economics; An Alternative Model Harold Lydall Book 1998 Palgrave Macmillan, a division of Macmillan Publishers Limit

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Institute of Social Studies, The Haguee assumptions of the theory is being violated. The finger used to be pointed at trade unions which, by fixing a monopoly price for the labour of their members, force the wage above its equilibrium level and generate open unemployment. In more recent years, the blame is more often placed on government policies imposing minimum wages.

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https://doi.org/10.1007/978-3-663-02296-1ent with observed facts than standard neoclassical theory. With a view to clarifying the differences between these two theories, both in their assumptions and in their predictions, I shall start by giving a brief summary of the essential elements of the neoclassical theory of the firm.

神圣在玷污

Externalize

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Mucosa

Zusammenfassung und Ergebnisse, As a first step, I shall make three important distinctions that help to define technology. Secondly, I shall consider the concept of technology used in neoclassical economics. Thirdly, this concept will be subjected to criticism on the grounds of its inconsistency with other neoclassical assumptions and with observed facts of the real world.

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