Assuming Slopes of Curves

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Standard neoclassical analysis assumes demand curves are necessarily downward-sloping and supply curves upwards-sloping. The real world doesn't necessarily agree.


Steve Keen, Debunking Economics, Chapter 6: Wages [More...]
Steve Keen lists 5 ways labor is different than the usual commodities. "The problem Keen identifies here is that labour supply curves need not be well behaved."


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