Brian Caplan has a nice little model on employment markets that really does explain a lot of what we see: In equilibrium, nice employers hire the rich, and mean employers hire the poor. It makes sense: Nice employers need rich workers they can trust, and poor workers misbehave unless there’s a mean employer on their… Read more

People who follow me know that I think little of Paul Krugman as a person.  He was a brilliant economist, one who changed the way economists thinks about international economics, and his Nobel Prize was well deserved.  That was a long time ago. He then provided a service to all of us by writing books… Read more