Homines libenter quod volunt credunt
Posted in ethical foundations, labor markets, You Can't Have it Both Ways on Nov 12th, 2012
I’m off to class, but a few quick things that will surely have people stop inviting you to their holiday afterparties this year: It’s likely that the main beneficiaries of “Veterans’ Day” and other ways we celebrate Veterans are not the Veterans at all. It is almost surely the government itself (on many dimensions). The […]
Posted in Flotsam and Jetsam on Nov 12th, 2012
A few new papers from the NBER today: 1. This one shows that states that award merit-aid scholarships (surprise) to students tend to be award students who do NOT alter their educational attainment or migration behavior as a result of the merit awards. The authors say that this is contrary to the “intention” of state […]
Posted in Institutions, Property Rights, Voluntary Society on Nov 12th, 2012
It is probably a given that people are averse to the idea that bargaining power between two parties be very far from equal. Think about how people feel about big box employers in their relationships with their “lowly” employees. But would there be much, if any, widespread aversion if the bargaining power tables were turned? […]
