Lessons in Economics, by Professor Jesús Huerta de Soto.

INTRODUCTION TO MACROECONOMICS AND RELATED CONCEPTS

FOURTH PART. CATALLACTICS OR MARKET THEORY

DAY 33 | THE PRICE OF THE FACTORS OF PRODUCTION
Imputation of the Discounted Marginal Value Product (DMVP): Demostration and Consequences (Rich and Poor Countries). Capitalization and Rent.

WORK AND WAGES
Introversive Labor and Extroversive Labor: Joy and Tedium of Labor. Catallactic and Institutional Unemployment. Gross and Net Wages. Labor Legislation: The Great Lie of «Social Gains».

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