Freeman and Champ explain the Lucas revolution
15 Apr 2022 Leave a comment
in business cycles, economic growth, history of economic thought, labour economics, labour supply, macroeconomics, monetarism, monetary economics, Robert E. Lucas, unemployment
Like immigrants, aboriginals’ success may be enhanced by the acquisition of skills and traits of the “majority” culture in which they reside
12 Apr 2022 Leave a comment
in economics of education, human capital, labour economics, labour supply, occupational choice
From a review of The Mystery of the Kibbutz: Egalitarian Principles in a Capitalist World Ran Abramitzky
12 Apr 2022 Leave a comment
in applied price theory, comparative institutional analysis, economics of education, human capital, labour economics, labour supply, Marxist economics, personnel economics
From https://www.marketsandmorality.com/index.php/mandm/article/view/1453
“The Mystery of the Kibbutz explores the history of the kibbutz movement and its vision of economic equality, how it thrived despite inherent economic contradictions, and why it eventually declined. He focuses on three challenges in particular: first, the free rider problem, that there is no benefit for working harder when you get the same salary or personal economic benefits; second, adverse selection – that such a social system would tend to attract people who would not be as successful in a capitalist market; or the inverse, a brain drain, that the smartest people or those who could find success outside the kibbutz would tend to leave. Finally, the question of human capital investment: that there would be a tendency to underinvest in human capital, in other words that there would be a lack of incentive for young people to study or work hard because in the end as kibbutz members they can depend on equal income no matter what their contribution is.”
If skilled labour is being kept out of the workplace for unreasonable reasons then that’s an opportunity for someone else to gain that labour on the cheap. Which is exactly what Dame Steve Shirley did
05 Apr 2022 Leave a comment
in applied price theory, discrimination, economic history, entrepreneurship, gender, human capital, industrial organisation, labour economics, labour supply, occupational choice, survivor principle Tags: entrepreneurial alertness, offsetting behaviour, sex discrimination, unintended consequences
Matthew E. Kahn discusses his new book Going Remote
04 Apr 2022 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, health economics, labour economics, labour supply, occupational choice, transport economics, urban economics Tags: economics of pandemics
Another gender gap
19 Mar 2022 Leave a comment
in discrimination, economic history, gender, human capital, labour economics, labour supply, occupational choice Tags: gender wage gap
Planet Normal: Race report author Dr Tony Sewell on attempts to discredit his findings on race relations
19 Mar 2022 Leave a comment
in discrimination, economic history, economics of bureaucracy, human capital, labour economics, labour supply, law and economics, poverty and inequality, Public Choice, rentseeking Tags: racial discrimination
Addressing economic disparity challenges in NZ
19 Mar 2022 Leave a comment
in applied price theory, applied welfare economics, discrimination, economic history, economics of education, entrepreneurship, gender, human capital, industrial organisation, labour economics, labour supply, occupational choice, poverty and inequality, survivor principle Tags: child poverty, family poverty
V. Bhaskar, Alan Manning and Ted To on monopsony
15 Mar 2022 Leave a comment
in applied price theory, labour economics, labour supply
The twilight of the Age of Exploration
10 Mar 2022 Leave a comment
in economic history, health and safety, labour economics, labour supply, occupational choice Tags: Age of exploration
Friedman Fundamentals: Unions And Free Market Labor
16 Feb 2022 Leave a comment
in applied price theory, history of economic thought, labour economics, labour supply, Milton Friedman, minimum wage, unions
Caplan-Callard, The Case Against Education
28 Jan 2022 Leave a comment
in applied price theory, economics of education, economics of information, human capital, labour economics, labour supply Tags: adverse selection, asymmetric information, signalling
Is Market Failure an argument against government? – David Friedman
28 Jan 2022 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, David Friedman, economic history, economics of crime, economics of information, economics of regulation, energy economics, environmental economics, history of economic thought, industrial organisation, labour economics, labour supply, law and economics, liberalism, libertarianism, property rights Tags: market failure
Utopia, you are standing in it! 
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