Crooked Timber (Free subscription) | 11/05/2008
By Kathy G. I’ve been remiss in replying to this post by Megan McArdle, but today I’ve finally gotten around to it. This will be a really long post, so don't say I didn't warn ya. McArdle basically argues two things: that 1) the minimum wage has a disemployment effect, and 2) that monopsony is not a [...]
Angry Bear (Free subscription) | 12/05/2008
There are things that economists "know" that (let us be nice; economists, sometimes understandably, have delicate sensibilities ) are not demonstrably true , and other things that economists Of A Certain Age may be motivated to believe , even if they are demonstrably untrue.
Pure Pedantry (Free subscription) | 12/05/2008
Recently, there were a set of posts arguing for different models of the effects of the minimum wage on employment. Megan McArdle argues that perfect competition models of the effects of minimum wage on the labor market implies that increases in the minimum wage will raise unemployment. Kathy G at Crooked Timber disagrees. She argues that a more accurate model of the minimum wage is a monopsony model....
Marginal Utility (Free subscription) | 12/05/2008
Thank you, Kathy G , guesting at Crooked Timber . Now, if only she would point out the spillover effects of rent control.
FatMixx (Free subscription) | 13/05/2008
I haven't read this yet, just want to read it and am more likely to do so if it's here, than in my delicious feed. (via Cogitamus) (link)
Shadow of the Hegemon (Free subscription) | 13/05/2008
Over on Crooked Timber , Kathy G. is finding out via the minimum wage debate what many of us have known for years, and which is going to cause a lot of heartache among Obama supporters who think his staff are " non-ideological pragmatists ": Yes, Virginia, economists can be ideologues. (Especially at the University of Chicago.)
