How to Calculate the Gender Pay Gap: The case of Uber
09 Apr 2018 Leave a comment
in applied price theory, discrimination, gender, health and safety, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: gender wage gap
Sowell – The Myth of Proportional Racial and Gender Distribution
03 Apr 2018 Leave a comment
in applied price theory, discrimination, gender, human capital, labour economics, labour supply, occupational choice Tags: gender wage gap, racial discrimination, sex discrimination
I suppose it is still safe to say this
31 Mar 2018 Leave a comment
in applied price theory, economics of media and culture, human capital, personnel economics Tags: economics of beauty
The labour theory of value
29 Mar 2018 Leave a comment
in applied price theory, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, Marxist economics, survivor principle Tags: labour theory of value
“A few observations:
- The Labor Theory of Value is incapable of functionally explaining even basic economic relationships. See Menger 1871.
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The notion that class identity functionally drives political or any other type of collective action is hopelessly incoherent and undermined by a pervasive free rider problem. See Olson 1965.
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Even if one were to assume that the initial allocation of all property is by mere theft (and it is not), its effectual consequences are entirely subordinate to the question of whether property rights exist in the first place. See Coase 1960.
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The predictive ability of historical materialism in the ~150 years since its formulation is practically zero, although the cost of attempting to force its predictions into being is several hundred million bodies.
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In practice, the concept of alienation is indistinguishable from subjective emoting about things that the individual exhibiting “estrangement” envies, and envy is a difficult concept to defend as the basis of a system of social allocation as it reduces to little more than subjective valuation executed by forcible acquisition.
If the above observations are true, what exactly remains again of the Marxist system of thought that is of any value in explaining anything?”
- Phil Magness
Is education worth it?
25 Mar 2018 Leave a comment
in economics of education, human capital, labour economics, managerial economics, organisational economics, personnel economics Tags: Bryan Caplan, signalling
The case against education (Part 1) – interview with Bryan Caplan
17 Mar 2018 Leave a comment
in applied price theory, economics of education, economics of information, human capital, industrial organisation, labour economics, labour supply, managerial economics, organisational economics, personnel economics Tags: Bryan Caplan, signalling
The growing ‘gender college degree gap’ favoring women
12 Mar 2018 Leave a comment
in economics of education, gender, human capital Tags: reverse gender gap
What determines the gender wage gap?
08 Mar 2018 Leave a comment
in applied price theory, discrimination, gender, human capital, labour economics, labour supply, occupational choice
The real reason there aren’t more female scientists | FACTUAL FEMINIST
08 Mar 2018 Leave a comment
in discrimination, economics of education, gender, human capital, labour economics, occupational choice Tags: gender wage gap, reverse gender gap
How To Not Be Poor
08 Mar 2018 Leave a comment
in economics of education, economics of love and marriage, health economics, human capital, labour economics, occupational choice, poverty and inequality, unemployment, welfare reform Tags: child poverty, family poverty
Is education worth it?
20 Feb 2018 Leave a comment
in applied price theory, economics of education, economics of information, human capital, labour economics, managerial economics, occupational choice, organisational economics, personnel economics Tags: signalling
Utopia, you are standing in it! 
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