We begin by examining the fundamentals of monopsonistic wage determination. The core of the theory is a mapping from the distribution of worker outside options to wages. We study non-parametric shape ...

Your Artstor image groups were copied to Workspace. The Artstor website will be retired on Aug 1st. World Review of Political Economy Vol. 12, No. 4, Winter 2021 RICARDO’S LABOR THEORY OF VALUE IS ...

Keynesian economics is a theory that government intervention is needed to stimulate demand and stabilize the economy, ...

During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes ... resulting in periodic shortages and surpluses, especially of labor. • Changes in ...

Marxian political economy and labor theory focus on the dynamics of capitalism, particularly how labor is valued and exploited within economic systems. Central to this discourse is the concept of ...

You are exposed to microeconomics and macroeconomics, and apply what you learn in fields from finance, labor and environmental economics ... and corporate finance, as well as economic history and ...