Autor: USA) Polachek Solomon W. (State University of New York

Beginning in 1965 Nobel Laureate Gary Becker realized that shadow prices, which reflect the value of one’s time, may be at least as important as money prices. Implications of his resulting theory of …

Beginning in 1965 Nobel Laureate Gary Becker realized that shadow prices, which reflect the value of one’s time, may be at least as important as money prices. Implications of his resulting theory of …