Micro: Supply and Demand in the Factor Markets

John Komlos

Chapter Chapter 3 in Principles of Economics for a Post-Meltdown World, 2016, pp 45-63 from Springer

Abstract: Abstract “There are more self-made men and women today than there were a decade ago” (S&N p. 229). There are also more poor people and more people on food stamps than there were a decade ago. The recession induced “a large expansion in the share of households with zero or negative net worth from 18.6 to 24.1 %.” In other words, a quarter of households own nothing but debt.

Keywords: Corporate Governance; Marginal Product; Labor Income; Labor Union; Household Wealth (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-319-27828-5_3

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DOI: 10.1007/978-3-319-27828-5_3

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