Labor and Firm Theory

In course

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Description

This lecture covers the Labor Theory of the Firm and Decentralized Equilibrium in Macrofinance. It discusses the role of labor in utility functions, productivity trends, and the relationship between labor share and output. The lecture also delves into the optimal choice of hours worked and capital investment, emphasizing the interplay between utility, consumption, and investment decisions in a decentralized economy.

Instructor

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Official source

https://mediaspace.epfl.ch/media/0_sxseqmxc

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Ontological neighbourhood

Economics

Macroeconomics: Markets, Topics in macroeconomics

Business

Finance: Investment management

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