The Trouble With Democracy por Walter Block, sobre o livro de Bryan Caplan, The Myth of the Rational Voter: Why Democracies Choose Bad Policies:… most people reject the view that pushing up wages increases unemployment. When I teach intro econ, linking unemployment and excessive wages frequently elicits not only students’ disbelief, but anger: How could I be so callous? But irrationality about labor demand is selective. What happens when my outraged students reach the ‘Salary Requirements’ line on job applications? They could ask for a million dollars a year, but they don’t. When their future rides on it, students honor the economic truism that labor demand slopes down.
The Trouble With Democracy por Walter Block, sobre o livro de Bryan Caplan, The Myth of the Rational Voter: Why Democracies Choose Bad Policies:… most people reject the view that pushing up wages increases unemployment. When I teach intro econ, linking unemployment and excessive wages frequently elicits not only students’ disbelief, but anger: How could I be so callous? But irrationality about labor demand is selective. What happens when my outraged students reach the ‘Salary Requirements’ line on job applications? They could ask for a million dollars a year, but they don’t. When their future rides on it, students honor the economic truism that labor demand slopes down.
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The Trouble With Democracy por Walter Block, sobre o livro de Bryan Caplan, The Myth of the Rational Voter: Why Democracies Choose Bad Policies:… most people reject the view that pushing up wages increases unemployment. When I teach intro econ, linking unemployment and excessive wages frequently elicits not only students’ disbelief, but anger: How could I be so callous? But irrationality about labor demand is selective. What happens when my outraged students reach the ‘Salary Requirements’ line on job applications? They could ask for a million dollars a year, but they don’t. When their future rides on it, students honor the economic truism that labor demand slopes down.
The Trouble With Democracy por Walter Block, sobre o livro de Bryan Caplan, The Myth of the Rational Voter: Why Democracies Choose Bad Policies:… most people reject the view that pushing up wages increases unemployment. When I teach intro econ, linking unemployment and excessive wages frequently elicits not only students’ disbelief, but anger: How could I be so callous? But irrationality about labor demand is selective. What happens when my outraged students reach the ‘Salary Requirements’ line on job applications? They could ask for a million dollars a year, but they don’t. When their future rides on it, students honor the economic truism that labor demand slopes down.