Marginal Efficiency of Capital (English) via @YouTube
Macroeconomists normally only take monetary policy to be the end-all and be-all solution per se to increase or decrease capital formation.
MEF Marginal efficiency of capital - Mk is the microeconomic foundation of investment expenditure function, which is normally ignored by the high and mighty in the world of economic policymaking.
The same is the tragedy with the other macroeconomic price of the Labour Wage.
All economists love to debate incomes policy and inflation effects on wage setting and clearing.
All economists love to debate incomes policy and inflation effects on wage setting and clearing.
Very few try to understand the insider and outsider models within Labour / Human Resource markets and the role of the CBA, including professional, practises and work-related mannerisms on the shop floor that affects ML Marginal productivity of labour factor of production.
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