Not Economics - 1. Prices and market equilibrium
Author: Not Economics | Source: Not Economics
The 'Not Economics - A critique of mainstream microeconomics' video series takes a critical look at mainstream, neo-classical economics as it is taught at universities across the world.
Part 1 takes a look at the neo-classical demand and supply diagram. What determines prices? What's a market and what's an equilibrium?
If you like this video you might be interested in this paper: http://www.paecon.net/PAEReview/issue97/Hathaway97.pdf