So if you make the same no matter how hard you work, isn't that communism?
http://gregmankiw.blogspot.com/2009/11/poverty-trap.html
An interesting exercise would be to try to optimize the slope of that curve. Like the Laffer Curve, it ought to have a name.
Sunday, November 15, 2009
Wednesday, November 4, 2009
Subscribe to:
Posts (Atom)