by Summary:
Value determined by the price the market will bear rather than by cost. The classical definition of economic rent is market price in excess of cost of production (ht Michael Hudson).Occasional Links & Commentary“Profits above morals and humanity”David F. Ruccio | Professor of Economics, University of Notre Dame
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Mike Norman considers the following as important: Big Pharma, economic rent
This could be interesting, too:
Value determined by the price the market will bear rather than by cost. The classical definition of economic rent is market price in excess of cost of production (ht Michael Hudson).Occasional Links & Commentary“Profits above morals and humanity”David F. Ruccio | Professor of Economics, University of Notre Dame
Topics:
Mike Norman considers the following as important: Big Pharma, economic rent
This could be interesting, too:
Dan Crawford writes Rep. Katie Porter on drug prices
Mike Norman writes Radical imagination and the intellectual edifice — Jim Vrettos interviews Michael Hudson
Mike Norman writes Michael Hudson — Asset-Price Inflation and Rent Seeking
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Value determined by the price the market will bear rather than by cost.
The classical definition of economic rent is market price in excess of cost of production (ht Michael Hudson).
Occasional Links & Commentary
“Profits above morals and humanity”
David F. Ruccio | Professor of Economics, University of Notre Dame