3 ms·
They were both pretty wide, but I disagree. I think both touched on labour markets quite a bit. For example, "Friedman's" best known policy is negative income t
by dalbasal 9y ago
They were both pretty wide, but I disagree. I think both touched on labour markets quite a bit. For example, "Friedman's" best known policy is negative income tax (earned income tax whatnots).
Have a look at https://en.wikipedia.org/wiki/Natural_rate_of_unemployment https://en.wikipedia.org/wiki/Natural_rate_of_unemployment
http://journal.apee.org/index.php?title=Spring2008_2 http://journal.apee.org/index.php?title=Spring2008_2
- tpeo 9y agoFrankly, I think that in order for something to "touch on labor markets quite a bit", they'd have to at least dedicate a book to it. In the current day, David Card and Orley Ashenfelter might be said to have touched on labor markets quite a bit. Hayek and Friedman? Not so much.