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Why Do People Work?

Why do people work?  At first it seems an easy question – to get money or earn income is the answer that comes quickly to mind.  Indeed, mainstream neo-classical micro economic theory answers the...

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Tax Cuts Do Not Increase Labor Supply

A central tenet of U.S. “conservative” and Republican economic policy since at least the election of Reagan in 1980 is that tax cuts cause people to work more and longer hours. This is part of the...

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