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If you are interested in learning how labor markets are taught in macro today, check out these slides from Acemoglu of MIT: http://economics.mit.edu/files/1028
by roymurdock 9y ago
If you are interested in learning how labor markets are taught in macro today, check out these slides from Acemoglu of MIT:
http://economics.mit.edu/files/10284 http://economics.mit.edu/files/10284
Labor market models are much more about flows, and frictions to those flows, rather than "static" views of labor supply and demand.
When I was studying econ, I found some of these models and equations to be the most well thought-out and powerful tools presented whereas a lot of the other things I had to learn were toy models or very, very far removed from reality.
- abakker 9y agoThanks - I appreciate the reference. Mankiw's treatment in the intro to econ book that I studied is definitely painful.
- TylerH 9y agoA lot of Mankiw's work is like that
- ue_ 9y agoMarx's "Wage Labour and Capital" is also a rather short and easily readable work on the Marxian perspective of the labour market.