A Pithy Sentence Arnold Kling By Arnold Kling, Nov 22 2011 SHARE POST: from Larry Summers. A general posture for government of standing up for capitalism rather than particular well-connected capitalists would also serve to mitigate inequality. Pointer from Mark Thoma.
Nov 22 2011 Labor Market More on ZMP Arnold Kling Tyler Cowen comments, drawing a response from Bryan. I just don't think that the fraction of the healthy adult population with ZMP has risen much since the last time unemployment was 5%. Here is where the term sustainable in patterns of sustainable specialization and trade comes in. Suppose that the last time we ha... 11 Read More
Nov 22 2011 Labor Market Final Points on ZMP Bryan Caplan Tyler makes some thoughtful points on ZMP. Replies:1. There has been plenty of evidence for "labor hoarding"; oddly, once the ZMP workers start actually being fired, the concept suddenly becomes controversial. The simple insight is that firms don't hoard so much labor any more.Clever, but at least at Prince... 4 Read More
Nov 22 2011 Income Distribution A Pithy Sentence Arnold Kling from Larry Summers. A general posture for government of standing up for capitalism rather than particular well-connected capitalists would also serve to mitigate inequality. Pointer from Mark Thoma. 10 Read More