Category Archives: Walras

UNEMPLOYMENT — THE HAYEKIAN VISION VS THE FRIEDMAN VISION

Posted on February 3, 2011 by Greg Ransom

Arnold Kling comes up with The Quote of the Day: People are not employed by “the Walrasian system of general equilibrium equations.” They are employed by entrepreneurs.

Posted in equilibrium, unemployment, Walras | Comments Off on UNEMPLOYMENT — THE HAYEKIAN VISION VS THE FRIEDMAN VISION