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- Search found 4 items for:
- Business Cycles
- George Reisman
Mises Daily
Author:
George Reisman
Online Publish Date:
Labor unions like to argue that the payment of higher wages is to the self-interest of employers because the wage earners will use their higher wages to make additional purchases from business firms, thereby increasing the sales revenues and profits of business firms. However, wrong and foolish it may be, this is an argument worth analyzing in
Free Market
Author:
George Reisman
Online Publish Date:
The Free Market 28, no. 12 (December 2010) The essential features of the boom-bust business cycle can be understood by viewing them in terms of the financial circumstances of a single individual. Thus, imagine that an ordinary person has been going about his life more or less living within his means. And now, one day, he receives a registered