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Micro: Supply and Demand in the Factor Markets

In: Principles of Economics for a Post-Meltdown World

Author

Listed:
  • John Komlos

    (University of Munich)

Abstract

“There are more self-made men and women today than there were a decade ago” (S&N p. 229). There are also more poor people and more people on food stamps than there were a decade ago. The recession induced “a large expansion in the share of households with zero or negative net worth from 18.6 to 24.1 %.” In other words, a quarter of households own nothing but debt.

Suggested Citation

  • John Komlos, 2016. "Micro: Supply and Demand in the Factor Markets," SpringerBriefs in Economics, in: Principles of Economics for a Post-Meltdown World, chapter 0, pages 45-63, Springer.
    • Handle: RePEc:spr:spbchp:978-3-319-27828-5_3
    DOI: 10.1007/978-3-319-27828-5_3
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