labor markets are tricky. @charles_chill noted a while ago that under certain circumstances ↓P --> ↑q_s via income effect
-
-
Replying to @eigenrobot @EmilyDWarfield
it's a bit tricky to argue from theory because an obnoxious economist can make a model to justify pretty much anything
1 reply 0 retweets 0 likes -
Replying to @eigenrobot @EmilyDWarfield
the baseline expectation in any market, regardless, is that suppliers will be unambiguously hurt by a a decrease in demand
1 reply 0 retweets 0 likes
Replying to @eigenrobot @EmilyDWarfield
anyway short story is that end demand proponents tend not to be economic sophisticates + I haven't seen good work from them
5:26 PM - 27 Feb 2017
0 replies
0 retweets
0 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.