Did real business cycle theory ignore depressions?

29 Mar 2020 Leave a comment

Image by Jim Rose

When was the Sick Man of Europe on a 3-day week for 10 weeks? #COVID19

27 Mar 2020 Leave a comment

by Jim Rose in business cycles, economic history, labour supply, macroeconomics, unions

From https://www.ons.gov.uk/economy/grossdomesticproductgdp/timeseries/ihyq/qna

The economic impact of Britain’s three-day week from 1 January to 11 March 1974 #COVID19

27 Mar 2020 Leave a comment

by Jim Rose in economic growth, economic history, health economics, labour supply, macroeconomics, unions

From https://books.google.co.nz/books?id=skdI0R6pApcC&pg=PT898&lpg=PT898&dq=economic+impact+of+three+day+week&source=bl&ots=2jvHbIozOK&sig=ACfU3U3srijCQrOStR5emqOmZT2Re2SzHA&hl=en&sa=X&ved=2ahUKEwiv0-HatLnoAhW5xjgGHY0mDC44ChDoATACegQIChAB#v=onepage&q=economic%20impact%20of%20three%20day%20week&f=false

Did real business cycle theory ignore depressions?

27 Mar 2020 Leave a comment

Image by Jim Rose

Ireland’s worst bank strike lasted 6-months

20 Mar 2020 Leave a comment

by Jim Rose in economic history, financial economics, labour economics, labour supply, macroeconomics, monetary economics, unions Tags: ,

The ‘Negativity Effect’ Leads to Bad Journalism, Big Government, and Busted Relationships

06 Mar 2020 Leave a comment

by Jim Rose in discrimination, economics of bureaucracy, economics of crime, economics of education, energy economics, environmental economics, gender, health and safety, health economics, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, Marxist economics, poverty and inequality, property rights, Public Choice, public economics, rentseeking, unemployment, unions, welfare reform Tags:

Black Americans Failed by Good Intentions: An Interview with Jason Riley

05 Mar 2020 Leave a comment

by Jim Rose in comparative institutional analysis, constitutional political economy, discrimination, economics of bureaucracy, economics of education, economics of regulation, human capital, income redistribution, labour economics, labour supply, law and economics, Marxist economics, occupational choice, occupational regulation, politics - USA, poverty and inequality, property rights, Public Choice, public economics, rentseeking, unemployment, unions, welfare reform Tags: , , ,

Richard Epstein, “The Coming Meltdown in Labor Relations”

02 Mar 2020 Leave a comment

by Jim Rose in discrimination, economics of bureaucracy, economics of education, economics of regulation, gender, health and safety, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, managerial economics, occupational choice, occupational regulation, organisational economics, personnel economics, politics - USA, poverty and inequality, property rights, Public Choice, public economics, rentseeking, Richard Epstein, survivor principle, unions Tags: , , , , ,

Does neoclassical macroeconomics rule out depressions?

27 Feb 2020 Leave a comment

by Jim Rose in business cycles, econometerics, economic history, Edward Prescott, global financial crisis (GFC), great depression, great recession, history of economic thought, job search and matching, labour economics, labour supply, macroeconomics, monetary economics, politics - USA, public economics, Robert E. Lucas, unemployment, unions Tags: , , ,

Will @AOC @BernieSanders @SenWarren revive unions from the dead?

10 Feb 2020 Leave a comment

by Jim Rose in economic history, labour economics, politics - USA, unions Tags: ,

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“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.

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