Re: correction

[Kevin Carson]

But in areas where the supply of labor is relatively inelastic, such as 
scientific-technical workers, the state steps in by socializing the cost of 
education and training.  For example, that program so beloved of 
"progressives" who await the second coming of FDR:  the G.I. Bill.

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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