Category Archives: labour economics

Another bad day at the office for New Keynesian macroeconomics


When the robots came for the musicians

Public Opinion for Libertarians – Bryan Caplan (2010)

Nearly all economists reject monopsony rationale for doubling the minimum wage! @NeumarkDN: countering employer market power over 1/3rd of the workforce with a higher minimum wage is supposed to increase employment and output. Monopsony depresses wages and employment.


Further evidence of the superiority of Western values: white male theory of history edition

Brilliant Hayek Lecture 2017: “Is the World Over or Underpopulated, and How Would We Know?”