The Dangerous Economist
The Blog of Cyril Morong
Wednesday, July 31, 2019
With technology that can more closely monitor worker activity, will wages fall or not rise as much?
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The Keynesians have come up with theories to explain why wages might be slow to fall in a recession. Here is one of them: Efficiency ...
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Tuesday, July 30, 2019
Many college dropouts are worse off economically than if they hadn’t started college
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See ‘The College Dropout Scandal’ Review: A Matter of Degree . Naomi Schaefer Riley reviews The College Dropout Scandal by David Kirp in T...
Monday, July 29, 2019
Is the Phillips curve affected by prices that are acyclical?
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The Phillips curve says that there is an inverse, and probably non-linear, relationship between the inflation rate and the unemployment rate...
Sunday, July 28, 2019
Farmers might be reducing supply of corn now in expectation of higher prices this fall
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One of the shift factors we cover in supply and demand is expectation of future price. If buyers expect higher prices in the near future, th...
Saturday, July 27, 2019
The Average Profit Margin for a Restaurant
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By Patrick Gleeson, Ph. D.,; Reviewed by Michelle Seidel, B.Sc., LL.B., MBA . According to a frequently cited study by Ohio State Universi...
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