Production: Particular Factor Prices and Productive Incomes

Tags: Austrian Economics Overview, Prices

08/28/2008 Peter G. Klein

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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