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gold
marginal revenue product
minimum wage
Wages and libertarianism
Libertarians assert that in a free market, people tend to get paid their marginal revenue product. This is hilariously silly. How the hell do you even calculate marginal revenue product? And don't give me this "the employers will calculate it" garbage - even if the employers of a given...
Posted to
Economics Questions
(Forum)
by
Buzz Killington
on Tue, Mar 12 2013
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