Murray Rothbard on Monopoly, Cartel and Size of the Firm : Chapter 9 of Man, Economy, and State
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Man, Economy, and State, 2nd edition, Murray N. Rothbard. Chapter 9 — Production: Particular Factor Prices and Productive Incomes 3. Entrepreneurship and Income D. MARKET CALCULATION AND IMPLICIT EARNINGS We have seen that a musician or a doctor earns wages without being an employee; the wages of each are implicit in the income that he receives, even though they are received directly from the consumers.
Murray Rothbard on Monopoly, Cartel and Size of the Firm : Chapter 9 of Man, Economy, and State
Murray Rothbard on Monopoly, Cartel and Size…
Murray Rothbard on Monopoly, Cartel and Size of the Firm : Chapter 9 of Man, Economy, and State
Man, Economy, and State, 2nd edition, Murray N. Rothbard. Chapter 9 — Production: Particular Factor Prices and Productive Incomes 3. Entrepreneurship and Income D. MARKET CALCULATION AND IMPLICIT EARNINGS We have seen that a musician or a doctor earns wages without being an employee; the wages of each are implicit in the income that he receives, even though they are received directly from the consumers.