Author Archives: Lindy

Sales Tax Bias Against Turnover and Jobs

Paper by Mason Gaffney, summarized by Lindy Davies. Read the full paper here. Mainstream attitudes toward “capital” tend to ignore the variable rates of turnover. “Turnover means replacement, and replacement sustains demand for labor.” There’s a continuum of turnover: onRead the Rest »

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The Labor Market: 2. Permanent Unemployment

by Lindy Davies In the last post I showed that the market for unskilled, unregulated labor is perfectly competitive. The econ-speak definition of that is “a market in which profit is maximized when price equals marginal cost.” And in theRead the Rest »

Posted in Competition, Economic fundamentals, Unemployment, Worker Productivity | Leave a comment