No, but here’s the problem: Both Hayek and Bohm-Bawerk say that an increased supply of labor elevates interest rates, and the Neoclassical school holds this position as well. More than that, it’s empirically validated.
No, but here’s the problem: Both Hayek and Bohm-Bawerk say that an increased supply of labor elevates interest rates, and the Neoclassical school holds this position as well. More than that, it’s empirically validated.