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Is the minimum wage the most misunderstood concept in all of economics?

Is the minimum wage the most misunderstood concept in all of economics? One basic misunderstanding is to fail to distinguish between a private firm raising its wages paid, and a law compelling all and sundry to do the same. Unhappily, this rookie error was committed by no less than the New York Times, the supposed […]

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The science didn’t change, but the economics and politics sure did

The science didn’t change, but the economics and politics sure did In response to Californians who were protesting his lockdown orders, Gov. Gavin Newsom in April politely encouraged them to follow social-distancing practices while protesting and assured all Californians that his COVID-19 responses would not be driven by public opinion or other similarly low-brow concerns. […]

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San Clemente housing consultant sells Real Estate Economics

San Clemente housing consultant sells Real Estate Economics Real Estate Economics provides an online database and research tools to real estate investors, allowing them to analyze different markets. San Clemente housing economist Mark Boud sold his firm to a division of Washington-based Hanley Wood, but will continue to run the business out of Orange County, […]

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