The Gaps in the Generality

Facts about recessions and unemployment (and matching) Professor Cowen raises an interesting point in this recent Marginal Revolution blog post. If micro-data on unemployment recovery really is typically better explained by the supply-side of employment (I’d need to read more in that area to feel more confident myself), is the periodic case for dramatic effortsContinue reading “The Gaps in the Generality”

The Problem with Regulation

Norman D. Swan There is a cross-cultural discussion regarding the regulatory regimes put into force by the State, as if they represent a sort of panacea to solve an assortment of ills which plague society. These discussions have been happening for years, but most people only have a shallow understanding of the effects of regulation.Continue reading “The Problem with Regulation”