EconoSpeak
Friday, June 30, 2017

Sandwichman in the FT

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Financial Times: " The minimum wage wars are heating up : A new study fails to prove its claim that Seattle wage floor hurts workers...
2 comments:
Thursday, June 29, 2017

Muhammed Bin Nayef Bin Abdulaziz Al Sa'ud Confined To His Palace

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In Jidda, according to the New York Times today.  So the story about the now deposed 57-year old former Crown Prince of Saudi Arabia and for...

Arithmetic is Hard: Wage-Bracket Creep

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There has been a lot of very good critique of the methodology of the University of Washington's study of the minimum wage increase in Se...

Counseling Politics

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Bear with me.  I’m going to try out an idea that may be completely off-base, or maybe not.  I would very much like to hear what you think of...
8 comments:
Wednesday, June 28, 2017

Comments on Profit and Capital

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Yeah, I know, Marx wrote three volumes on this, and in 2014 Piketty published in English a more than 700 page book on it that ended up on th...
68 comments:

Seattle Minimum Wage

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Words cannot describe the torment experienced by the data before they confessed what the University of Washington team got them to confess....
1 comment:
Tuesday, June 27, 2017

The Seattle Study: Increasing the Minimum Wage as a Way to Boost High Income Jobs

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As labor market mavens all know by now, the University of Washington team chosen by the city of Seattle to evaluate its minimum wage law has...
12 comments:
Monday, June 26, 2017

Asking The Man in the Street: Research v. Rhetoric

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Richard Layard, How to Beat Unemployment, 1986: "If you ask the man in the street (not Wall Street) what has caused our unemployment...

En Français...

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Economie. L’impossible partage du travail: histoire d’un (vieux) débat Par Michel Husson   Les économistes dominants pensent que leur «...
2 comments:
Sunday, June 25, 2017

Marshall's Magic Confidence-Wand

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Remember when Say's Law immediately  sank without trace  once Keynes debunked it? Here was Alfred Marshall and Mary Paley Marshall in ...
4 comments:

"If There Is Any Such Thing": Why read Hoxie on theory?

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Unionists are not theorists; unionism is an eminently practical thing. -- Robert F. Hoxie  Theory and trade unionism are almost contradic...
Saturday, June 24, 2017

California’s Battle for Single Payer

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On June 1, the California Senate passed a health care bill that has folks hopeful: A proposal to adopt a single-payer healthcare system fo...
Thursday, June 22, 2017

Hoxie on "Fixed Group Demand Theory" (the "lump of labor")

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From Robert F. Hoxie,  Trade Unionism in the United States , 1917: There is much scorn of unionists by economists and employers because o...
Wednesday, June 21, 2017

Saudi Succession Shuffle

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A not unexpected event has just been announced: 31-year old Prince Muhammed bin Salman bin Abdulaziz al-Sa'ud has been elevated from Dep...
4 comments:
Monday, June 19, 2017

Should Cultural Appropriation By Elvis Be Condemned?

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Probably I should not post something like this on Juneteenth, but I have become increasingly frustrated by what seems to me a very misguided...
2 comments:
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