To the List:
I want to amend my earlier words that appeared to criticize the merits and accuracy of
the Card/Krueger work on the negative employment benefits of the minimum wage. A
fellow armchair member just informed me offlist that our List owner is a product of
Princeton University and
In response to the Card/Krueger study that came out of Princeton:
I was under the impression that the work that Card and Krueger completed after
narrowly studying employment patterns in fast-food restaurants in California, Texas,
New Jersey had been largely dismissed, if not discredited. For
A. Woolf wrote:
This reminds me of a paper I read as an undergrad in micro theory. I think it was by
Harvey Liebenstein and titled Bandwagon, Snob, and Veblen Effects. I don't remember
the journal, but it was probably from the 1960s
or early 1970s.
_
In response:
All this time I've been living under the impression that there wasn't a Santa Claus
and that upward sloping demand curves were the unicorns of economic theory. Alas, I
was wrong.
The current presidential race had already convinced me that Santa Claus does in fact
exist afterall, and he even
