From: Michael Perelman (michael@ECST.CSUCHICO.EDU)
Date: Thu Jul 28 2005 - 18:28:59 EDT
At the time when the eight-hour day was a matter of public debate, that any economists ever offer theory as to how the length of the working day was determined, other than to say that it was a matter of a bargain between individual workers and their employer. I realize that you can explain an individual transaction in terms of the marginal utility of leisure compared to the marginal utility of wages, but beyond that was there anything? -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
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