From https://www.minneapolisfed.org/article/2001/a-million-mutinies-the-key-to-economic-development
A Million Mutinies: The key to economic development |Robert Lucas 2001
02 Nov 2021 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic growth, economic history, economics of bureaucracy, economics of education, entrepreneurship, growth disasters, growth miracles, history of economic thought, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, macroeconomics, occupational choice, poverty and inequality, property rights, Public Choice, public economics, rentseeking, Robert E. Lucas, unemployment Tags: economics of immigration, The Great Enrichment
Compensating differences in wages and work intensity
01 Nov 2021 Leave a comment
in Adam Smith, Alfred Marshall, applied price theory, economic history, entrepreneurship, history of economic thought, industrial organisation, labour economics, labour supply, managerial economics, occupational choice, organisational economics, personnel economics, survivor principle Tags: compensating differences
Edward Glaeser on Survival of the City
01 Nov 2021 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, economic history, economics of bureaucracy, economics of crime, economics of education, economics of regulation, entrepreneurship, human capital, income redistribution, industrial organisation, international economics, labour economics, labour supply, law and economics, occupational choice, poverty and inequality, property rights, Public Choice, public economics, rentseeking, survivor principle, transport economics, urban economics
The High Cost of Good Intentions with John F. Cogan: Perspectives on Policy
31 Oct 2021 Leave a comment
in economic history, entrepreneurship, financial economics, history of economic thought, human capital, income redistribution, industrial organisation, labour economics, labour supply, occupational choice, occupational regulation, poverty and inequality, Public Choice, survivor principle, unemployment, welfare reform Tags: taxation and labour supply
What was the industrial revolution?
28 Oct 2021 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic growth, economic history, economics of education, economics of regulation, entrepreneurship, growth disasters, growth miracles, history of economic thought, human capital, industrial organisation, international economics, labour economics, labour supply, macroeconomics, occupational choice, poverty and inequality, Robert E. Lucas Tags: economics of fertility, industrial revolution, The Great Enrichment
Finn E. Kydland’s (Nobel Laureate) Speech at the WHU – New Year’s Conference 17
27 Oct 2021 Leave a comment
in budget deficits, business cycles, development economics, econometerics, economic growth, economic history, economics of regulation, entrepreneurship, fiscal policy, global financial crisis (GFC), great recession, growth disasters, growth miracles, human capital, labour economics, labour supply, macroeconomics, monetary economics, poverty and inequality, Robert E. Lucas Tags: real business cycles
Lecture 5: Firm-level misallocation: benchmark model and early results
27 Oct 2021 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, economic growth, economic history, entrepreneurship, growth disasters, growth miracles, human capital, industrial organisation, labour economics, labour supply, macroeconomics, occupational choice, survivor principle
How intangible capital may explain rising labour productivity during recessions
26 Oct 2021 Leave a comment
in applied price theory, business cycles, economic growth, economic history, Edward Prescott, entrepreneurship, financial economics, global financial crisis (GFC), great recession, macroeconomics, monetary economics
“The sharp drop in intangible investment contributes to a decline in actual economic output greater than that measured by official government GDP accounts. This implies that in the actual U.S. economy, true labor productivity declined significantly during the recent recession—a finding consistent with established aggregate theory based on the neoclassical model of economic growth. Thus, McGrattan and Prescott’s experiment solves the labor productivity puzzle by reconciling the apparent mismatch between theory and economic data that show labor productivity bucking the GDP trend. “The addition of intangible capital and non- neutral technology to the model was crucial in accounting for high productivity and low GDP during the period,” they write.”
From https://www.minneapolisfed.org/article/2012/unmeasured-investment
How the Labor Market Adjusts to Technological Shocks (Lessons from Hoover Boot Camp) | Ch 3
26 Oct 2021 Leave a comment
in applied price theory, economic growth, economic history, economics of education, economics of regulation, entrepreneurship, health and safety, history of economic thought, human capital, industrial organisation, labour economics, labour supply, market efficiency, minimum wage, occupational choice, occupational regulation, personnel economics, poverty and inequality, survivor principle, unemployment
Daron Acemoglu on How Inequality Weakens Nations
26 Oct 2021 Leave a comment
in applied price theory, constitutional political economy, development economics, economic growth, economic history, economics of bureaucracy, economics of education, economics of regulation, entrepreneurship, financial economics, growth disasters, growth miracles, history of economic thought, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, macroeconomics, poverty and inequality, property rights, Public Choice, rentseeking, survivor principle
Lee Ohanian on Sweden’s Experiment with Socialism
26 Oct 2021 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, economic history, economics of education, economics of regulation, entrepreneurship, history of economic thought, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, liberalism, Marxist economics, poverty and inequality, property rights, Public Choice, survivor principle Tags: Sweden
Entrepreneurship
21 Oct 2021 Leave a comment
in applied price theory, defence economics, economic history, entrepreneurship, industrial organisation, Music, survivor principle Tags: entrepreneurial alertness
Creative destruction
18 Oct 2021 Leave a comment
in economic history, entrepreneurship, industrial organisation Tags: creative destruction
The Fractured-Land Hypothesis
17 Oct 2021 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, economic growth, economic history, economics of bureaucracy, entrepreneurship, growth disasters, growth miracles, history of economic thought, income redistribution, law and economics, macroeconomics, property rights, Public Choice, rentseeking
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