Episode 12
1.9. The Number of Laborers, Artisans, and Others, Who Work in a State, is Naturally Proportioned to the Demand for Them
An Essay on Economic Theory · Mises Institute
December 1, 2014
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Show Notes
The supply of workers adjusts itself to the demand for labor, across all professions, via wage rates, migration, and changes in population. Prosperity cannot be created by subsidizing job training.
From Part 1: Production, Distribution, and Consumption. Narrated by Millian Quinteros.
Topics
Monetary TheoryValue and Exchange