I suspect there is some way to solve this fairly (theoretically) easily using the Coase theorem. Let competitors give each other legal rates to...
Again, what about RBC models? If what you are saying is true, you should take issue with them, yet they would have laissez-faire implications....
Nice irrelevant attack! Personally, I'd guess no one has responded because this can't be twisted into being political. No where did I advocate...
Do you what charities to be run efficiently? If so, then the tool of economics can be helpful. We'd be testing assumptions, not just assuming...
I'd take this a step farther. Assume the government cannot intervene in the economy and it choose to do so. Then it intervened in the economy by...
You realize, by arguing that the market will heal itself macroeconomically, you are making a macroeconomic argument? So he wouldn't be arguing...
The usual assumptions in economics can really be summarized with one simple phrase " pursuit of rational self interest." This may lead one to...
What is your definition of efficiency wages you are working with? Are you using wages above one's marginal productivity? It sounds like you are...
Let's try something more productive. Why are firms offering efficiency wages instead of other mechanisms that can prevent shirking while NOT...
Yes. Walmart would be included in samples of U.S. firms, would it not? Keep in mind, other variables, such as education the worker received, where...
I understand what you are getting at and you are theoretically correct. However, this theory is not EMPIRICALLY correct. We have many studies...
I think you're overreacting here. NAFTA is a good deal less powerful then whatever treaty forms the basis of the EU. For instance, there is no Amo...
Is there a theoretical reason for this? A large employer (in terms of firm size) should raise wages in a dynamic monosonic labor market. Maybe...
While I think there is some merit in neoclassical economics, it has some diminishing returns. For instance, how can an employer know the marginal...
But that is just a subset of economics! There is a whole lot more then public policy. Insofar as it can help predict a certain outcome...
Can you explain why Regression analysis is invalid in economics? Why on earth would allowing adjusting for multiple variables be invalid for...
I would agree with this. I'm not much a fan of just randomly apply mathematical concepts to economics for no reason though. It's totally fine if...
This is because the difference between the social sciences are mostly based on the concepts they use to understand the world (E.g. a economist's...
Don't agree. mathematics is useful to expose assumptions and such, I think some Keynesian macro was discarded because it required assumption of...
Indeed. Marxism predicts short terms increases in stability by foreign trade correct? as capital finds more labor to exploit, making capitalist...
I thought the evidence was rather mixed between Monopoly union model and Efficient contracting? Perhaps this ambiguous results can be explained by...
Since there are some problems with using an unemployment rate, such as the existence of hidden unemployed or counting someone as unemployed when...
Something else that has bothers me is that minorities suffer higher levels of unemployment, which isn't explained by Becker's model (as it just...
Hadn't thought about that. I suppose Oaxaca assumes that the higher paid party isn't suffer any losses due to discrimination. edit: to add...
But how do we know the Oaxaca methodology captures the effects of discrimination? It could suffer from omitted variable bias and overstate...
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