If wages go up under the minimum wage increase but employment does not fall, where does the extra output and revenue come from to cover the greater payroll bill?
Is there an upper limit for #Fightfor15 logic for further pay rises? What if they are wrong?
16 Jul 2019 Leave a comment
in applied price theory, industrial organisation, labour economics, labour supply, minimum wage, poverty and inequality, survivor principle
Even small minimum wage increase have ambiguous employment effects under monopsonistic competition
16 Jul 2019 Leave a comment
in applied price theory, applied welfare economics, industrial organisation, labour economics, labour supply, minimum wage, politics - New Zealand, politics - USA, survivor principle Tags: offsetting behaviour, The fatal conceit, unintended consequences
Spot on on growth mismeasurement
15 Jul 2019 Leave a comment
in applied price theory, economic growth, entrepreneurship, industrial organisation, macroeconomics
Pashigian and Self show most markets are competitive because there are too many sellers to successfully collude
14 Jul 2019 Leave a comment
in applied price theory, Austrian economics, industrial organisation, law and economics Tags: competition law, game theory
Policy Briefs: Edward Lazear On How To Reduce Income Inequality
12 Jul 2019 Leave a comment
in applied price theory, applied welfare economics, economics of education, economics of regulation, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, occupational choice, occupational regulation, poverty and inequality, welfare reform Tags: child poverty, family poverty
The drugs don’t work: a global antibiotics crisis
12 Jul 2019 Leave a comment
in entrepreneurship, health economics, industrial organisation, law and economics, property rights, Public Choice, public economics Tags: patents and copyright
More creative destruction
11 Jul 2019 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction
When a Spaniard moved to backward Minnesota
10 Jul 2019 Leave a comment
in income redistribution, industrial organisation, labour economics, labour supply, law and economics, politics - USA, Public Choice, rentseeking, survivor principle, unions Tags: employment law, employment protection laws, employment regulation
Marijuana prohibition is racist and criminal, harms kids, and ruins lives | Johann Hari @nzdrug
10 Jul 2019 Leave a comment
in comparative institutional analysis, economic history, economics of crime, health economics, industrial organisation, law and economics, politics - New Zealand, politics - USA, Public Choice Tags: marijuana decrimilization, unintended consequences
Why Does Joseph Stalin Matter?
09 Jul 2019 Leave a comment
in defence economics, development economics, economic history, economics of bureaucracy, growth disasters, industrial organisation, Marxist economics, Public Choice, war and peace Tags: Russia, Russian revolution, World War I
Steven N.S. Cheung has his doubts about the most famous parable about the theory of the firm
08 Jul 2019 Leave a comment
in applied price theory, entrepreneurship, history of economic thought, industrial organisation, labour economics, labour supply, managerial economics, occupational choice, organisational economics, personnel economics, property rights, theory of the firm Tags: China
Recent Comments