Economics Questions

Re: Applying Bohm-Bawark's marginal pairs to labor economics

Wheylous — Mon, 27 Feb 2012 14:56:50 GMT

Oh, sweet! It's the exact thing I was looking for! This is amazing!

It's essentially the death blow to the idea of "worker need and employer greed"!

I highly recommend this article!

Re: Applying Bohm-Bawark's marginal pairs to labor economics

Wheylous — Mon, 27 Feb 2012 14:45:24 GMT

Anyone?

I'm currently reading this article which appears to be going in that direction:

http://mises.org/daily/5934/The-Irrelevance-of-Worker-Need-and-Employer-Greed-in-Determining-Wages

Applying Bohm-Bawark's marginal pairs to labor economics

Wheylous — Thu, 23 Feb 2012 23:43:35 GMT

I recently read this article which explains how market prices are created:

http://mises.org/daily/5903/

It explains how the price is determined by four marginal players in the market. I also recently watched some video where someone was refuting labor explotation. He at one point mentioned that a firm doesn't decide how much to pay its employees. While, of course, this is to an extent an incorrect statement, it holds it the medium-run and is generally accepted as a correct economic statement (even by the mainstream economists).

To make the case clearer, however, I thought "why not apply the clear logic of marginal pairs to the labor market?" It seems like it could irrefutably show that there is no widespread long term exploitation of labor in the free market.

Your thoughts on this? Has it already been tried?