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Monthly Archives: July 2008

Here is an article from Politico about Bush’s Energy Policy press conference Monday, July 14th.   The editors of Politico who penned the headline have it all turned around.   What Bush said was that the American public is already conserving, and that is what the market does–high prices tell consumers to conserve.   Bush […]

In class, one point that I wanted to make on the last day I forgot to make.  Here is the theory framing the point.  As a worker’s wage rises, the substitution effect of the higher wage, a higher opportunity cost of not working at a market job (as opposed to a job in the home, or even […]

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