Other, , Prof. Steven Keen
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Updated On 02 Feb, 19
4.1 ( 11 )
In this half of the lecture, I show that even if there was a downward-sloping demand curve, Neoclassical supply and demand analysis is still invalid because(a) Equating marginal cost and marginal revenue doesnt maximize profits; and(b) A market supply curve cant be derived independently of the demand curve.
Sep 12, 2018
Excellent course helped me understand topic that i couldn't while attendinfg my college.
March 29, 2019
Great course. Thank you very much.