In a partially analogous situation, where the local supply of manufacturing labor was rendered unnaturally inelastic by the laws of settlement, the state came to the rescue by acting as procurer of labor, selling workers from the parish poor houses in labor-rich areas to those in the labor-poor manufacturing areas.
From: Bryan Caplan <[EMAIL PROTECTED]> Reply-To: [EMAIL PROTECTED] To: "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> Subject: correction Date: Wed, 18 Jun 2003 14:26:58 -0400
Of course I meant to say that labor supply elasticity is near-zero, not near-infinte. Thanks to Alex for pointing it out.
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
"The game of just supposing Is the sweetest game I know...
And if the things we dream about Don't happen to be so, That's just an unimportant technicality."
Jerome Kern and Oscar Hammerstein, *Showboat*
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