What are the effects of minimum wage laws according to mainstream economics?

Jan 8, 2024 ... The Cambridge controversies on capital theory opposed heterodox economists, mainly from the University of Cambridge, UK, to mainstream ... Aug 9, 2017 ... They stood idly by as jobs went overseas, demand was sapped by increasingly uneven distributions of income, competition was destroyed by lax ... The mainstream economic approach is doggedly nonjudgmental about people's preferences: what the individual wants is presumed to be good for that individual. Mar 29, 2019 ... Fukuyama points out that in a Malthusian world, no property rights will provide you with an economic surplus; but technological development will. The attempt to isolate economics from other disciplines - notably politics, history, philosophy, finance, constitutional theory and sociology - has fatally ... Mainstream economic theory is based on the rationality assumption: that people act as best they can to promote their interests. In contrast, behavioural ... Sep 30, 2017 ... Book Review: Anthony Elson, The global financial crisis in retrospect. 2017. Palgrave Macmillan US, New York, ISBN 978-… Mar 11, 2019 ... By cutting off the bottom rungs of the employment ladder for the least skilled among us, you get rid of the feeling a person has of agency, of ... In this paper we argue that much of this criticism today is off the mark because mainstream economic thinking has changed. We argue that economics is moving ... Jan 12, 2023 ... Some new research findings, I left wondering whether mainstream economists, as a group, are out‐ of‐ touch.