Bryan Caplan's collection of heterodox labor economics essays — applying the signaling model of education, skepticism of minimum wage effects, and open borders arguments to mainstream economic debates.
Caplan's heterodox consensus-challenging: each essay takes a mainstream labor economics position and subjects it to the signaling model, public choice analysis, or simple empirical scrutiny. The running theme: academic labor economists are far too sympathetic to interventions (minimum wage, education subsidies) whose benefits are overstated by ignoring signaling, public choice incentives, and unintended consequences. Companion to The Case Against Education and Open Borders.
Discussing
Ask anything about Labor Econ Versus the World — their ideas, influences, contradictions, legacy.
Sign in to start a conversation.