Don Boudreaux confuses a shift in production functions - that is an innovation - with a choice among techniques in response to changes in relative factor prices. Not only that, he is simply incorrect about the analysis of the choice of technique.
Gabriel Mihalache also pretends that the logic of perfect competition with ideal rational behavior supports his exploded ideas about the minimum wage.
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Review topics and articles of economics © 2011 No One Can Repent And Will At Once; The Law of Contradiction Won't Allow It
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