PEN-L
mailing list archive
[ Other Periods
| Other mailing lists
| Search
]
Date:
[ Previous
| Next
]
Thread:
[ Previous
| Next
]
Index:
[ Author
| Date
| Thread
]
Question about Say's Law
- To: PEN-L@xxxxxxxxxxxxxxxx
- Subject: Question about Say's Law
- From: Sandwichman <lumpoflabor@xxxxxxxxx>
- Date: Thu, 25 May 2006 13:26:58 -0700
- Domainkey-signature: a=rsa-sha1; q=dns; c=nofws; s=beta; d=gmail.com; h=received:message-id:date:from:to:subject:mime-version:content-type; b=YXSHuqnFJIhLQkwqH0irtJJkscMpWYUYo5EeLqTPoCG4mChnVJukxrAspp70U0I+vke9NhgxlqQtB9NQp0nAA7fdn6MTWLF4IFpjgk1pqzdZJTxD8q2FbOqU7Vm3S9c88rCouqqmUtTIn9GeoBmD1AgJ/Us78j72OOWkRBHdzS0=
Here's an odd thought. Tuesday I went to a public forum on immigration
and labour. The big issue, apparently -- especially for the speakers
from the business associations -- was the looming shortage of skilled
workers.
Well hold on a minute, here, Chester. Doesn't the classic comix version
of Say's Law claim that "supply creates its own demand"? Can somebody
please, please explain to me why this would apply only to an INCREASE
in labour supply and not to a DECREASE in labour supply? Now I'm not
saying I subscribe to that interpretation of Say's Law but the business
folks avowedly do. Or are the business folks committing a
"lump-of-laborers fallacy"?
--
Sandwichman
[ Other Periods
| Other mailing lists
| Search
]