Veteran lefty concedes that most fortunes are self-made
01 May 2022 Leave a comment
in economics of education, entrepreneurship, financial economics, human capital, income redistribution, industrial organisation, labour economics, occupational regulation, politics - New Zealand, poverty and inequality, Public Choice, public economics, survivor principle Tags: top 1%
“Economic Policy and Growth of Nation” – by Prof. Finn Kydland
24 Apr 2022 Leave a comment
in applied price theory, budget deficits, business cycles, economic growth, economic history, Euro crisis, fiscal policy, global financial crisis (GFC), great recession, growth disasters, history of economic thought, labour economics, labour supply, macroeconomics, monetary economics, public economics, unemployment Tags: real business cycles
Veteran lefty conceded over two decades of real wages growth in @Dompost
23 Apr 2022 Leave a comment
in applied welfare economics, economic growth, economic history, labour economics, politics - New Zealand, poverty and inequality, welfare reform Tags: pessimism bias, regressive left
The Lucas critique summarised by Freeman and Champ
22 Apr 2022 Leave a comment
in budget deficits, business cycles, economic growth, labour economics, labour supply, macroeconomics, monetarism, monetary economics, Robert E. Lucas
Thomas Piketty on the Politics of Equality | Conversations with Tyler
21 Apr 2022 Leave a comment
in applied price theory, economic history, economics of education, history of economic thought, human capital, income redistribution, labour economics, labour supply, occupational choice, poverty and inequality, Public Choice, public economics Tags: envy, top 1%
Our Future Together: How Immigrants Will Reshape Our Workforce
20 Apr 2022 Leave a comment
in applied price theory, discrimination, economic history, entrepreneurship, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: economics of immigration
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.”
Tutino and Zarazaga on why the fiscal theory of the price level is so compelling! Quantity theory struggles to explain the sudden end of hyperinflations and the failure of previous stabilisation attempts
05 Apr 2022 Leave a comment
in economic history, history of economic thought, macroeconomics, monetarism, monetary economics, unemployment
Utopia, you are standing in it! 
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