The Capitalist Professor with George Reisman, Ph.D. - Free College Courses on Capitalism

12. Capitalism Microeconomics: Marxian exploitation theory, economic history and the businessmen


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The division of labor and the concept of productive activity. Exposition and critique of the Marxian exploitation theory. The productivity theory of wages. Labor unions and labor legislation. A reinterpretation of modern economic history. The productive functions of businessmen and capitalists, of retailing, wholesaling, and advertising.

READINGS

  • Reisman: Chapters 11 and 14
  • von Mises, Human Action: pp. 592-623, 628-634, 769-779
  • Optional: Samuelson, Chapter 13
  • ...more
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    The Capitalist Professor with George Reisman, Ph.D. - Free College Courses on CapitalismBy George Reisman

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