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[PEN-L:8333] Re: Summers Memo
Brad De Long wrote:
>Thus when you say that a given policy move raises real incomes (adjusting
>appropriately for the disutility of work) what you are saying is that that
>policy move raises the level of social welfare as calculated by the
>market--with the rich having so much higher an implicit weight than the
>non-rich.
How does one "adjust appropriately" for the disutility of work?
regards,
Tom Walker
http://www.vcn.bc.ca/timework/worksite.htm
- Thread context:
- [PEN-L:8330] More on the Embassy Bombing,
Henry C.K. Liu Fri 25 Jun 1999, 14:14 GMT
- [PEN-L:8329] WB loan for China Despite US Opposition,
Henry C.K. Liu Fri 25 Jun 1999, 14:07 GMT
- [PEN-L:8328] Re: Re: Re: racism,
Rob Schaap Fri 25 Jun 1999, 13:50 GMT
- [PEN-L:8333] Re: Summers Memo,
Tom Walker Fri 25 Jun 1999, 13:36 GMT
- [PEN-L:8327] BLS Daily Report,
Richardson_D Fri 25 Jun 1999, 13:24 GMT
- [PEN-L:8322] racism,
Rod Hay Fri 25 Jun 1999, 06:12 GMT
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