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Does religious and denominational background still affect earnings and human capital investment? Several earlier studies suggest that they do, but all of these previous studies were conducted on data from the 1970s and early 1980s. Examines religious background and human capital formation for a...
A cartel is a group of oligopolistic firms that agree to act collectively as a monopolist in some industry or economic enterprise. Discusses the social contract of the Southwest Conference (a legal cartel) using some of the principles of constitutional economics. Viewed from a contractarian...
Examines critically traditional economic paradigms as well as those given by Hayek and Buchanan on markets with constitutional contracts in order to contrast them with yet another view of market ‐ that endogeneity of various political and economic processes creates a global system of...
Plagiarizes Jonathan Swift to produce a tongue‐in‐cheek proposal for the relief of the burden of children to the poor and so create benefits for the state. Claims satirically that the scheme would solve a number of societal problems.
Freeman criticizes the economics profession on the ground that it has improperly accepted the philosophy of laissez‐faire capitalism in five different realms: economic development, unionism and minimum wage laws, socialist central planning versus decentralized markets, military dictatorships and...
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