Max Sawicky wrote:
> It's funny, but in regard to the equation of marginal product with just
> compensation, in the 80s my micro profs told me this notion was abandoned by
> economists before WWI.

that's right. I guess Mankiw never left his frat house at Princeton
and skipped all the lectures at MIT. Was his father rich, so he got
into those places as a "legacy"?
-- 
Jim Devine /  "Segui il tuo corso, e lascia dir le genti." (Go your
own way and let people talk.) -- Karl, paraphrasing Dante.
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