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Category: econocaste

economics .. the short version, since the long is wasted on the young

what economists fail to understand

Posted on May 20, 2013 Posted in econocaste

When wages rise we know that employment declines.

via Chapter 4 Labor Demand Elasticity.

Then, explain how employment (total) and wages (per capita) have risen over the past 30 years….

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Spinning Speel

Posted on April 29, 2013 Posted in econocaste

when you make economics the center of the universe, you spend your time trying to keep the circles from collapsing.

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