Homines libenter quod volunt credunt
Posted in Central Planning on Feb 1st, 2016
For those of you who fetishize big development projects such as sports stadium subsidies as a way to promote economic growth, first recognize that no economics literature exists showing that these programs are worth it. Second, remember that far more people go to the movies each year than to sports stadiums, and there are not […]
Posted in Flotsam and Jetsam on Feb 1st, 2016
In the human capital field, Carruthers and Wanamaker write: The gap between black and white earnings is a longstanding feature of the United States labor market. Competing explanations attribute different weight to wage discrimination and access to human capital. Using new data on local school quality, we find that human capital played a predominant role in determining 1940 wage and […]
