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Daily Archive for October 26th, 2012

Amherst College Spends $40,000 to Reduce $30 Annual Damages

Posted in Economic Illiteracy, Education, Environment, Special Privilege on Oct 26th, 2012

My alma mater is much in the news lately, and I will post on that if I can figure out the right way to articulate my view on the unfortunate events. But they still can’t help sending their alumni triumphal emails about how awesome they are. In the latest e-mail they are celebrating the Chevy […]

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The Macroeconomic Benefits of Non-Wage Compensation

Posted in labor markets, Macroeconomics on Oct 26th, 2012

Some of you may be familiar with the idea in macroeconomics that since prices (particularly wages) are “sticky” that recessions can turn into depressions or last a long time because the inability of prices and wages to fall when “aggregate demand” falls will prevent markets from equilibrating. There is lots to read on this topic, […]

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