The Death of Economics 101 ft. Mexie
April 9, 2021
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47:02Now PlayingThe Death of Economics 101 ft. Mexie
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as posted by the channelOne way or another, econ101-ism is at the heart of the debates over why we can't have good policies. Good thing it's wrong!
The Discord
Mexie’s channel
Produced by Hobbie Stuart
Artwork by Jacob Cob
© 2021 Unlearning Economics
I am an academic economist from the UK who has long been critical of the economics profession and how economics is used in public policy. Mostly the channel will cover economics with a critical perspective but I aim to educate people about economics in the process, so I'll try to explain key concepts and ideas along the way. That way, even if you disagree with aspects of the videos you will hopefully learn something from them. Subscribe for more!
References (in rough order of appearance):
Thomas Sowell documentary:
Vaush’s video on the minimum wage:
The Rise of American Minimum Wages, 1912–1968, Price V. Fishback and Andrew J. Seltzer
The Elusive Employment Effect of the Minimum Wage, Alan Manning
Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania, David Card and Alan Krueger
Econned, Yves Smith [source of Reed Garfield quote]
Minimum Wage Effects Across State Borders: Estimates Using Contiguous Counties, Dube et. al
The Effect Of Minimum Wages On Low-Wage Jobs, Cengiz et. al
Neumark's research and Dube and co's critique:
Minimum Wages And Employment: A Review Of Evidence From The New Minimum Wage Research, David Neumark and William Wascher
Myth or Measurement: What Does the New Minimum Wage Research Say about Minimum Wages and Job Loss in the United States?, David Neumark & Peter Shirley
Credible Research Designs for Minimum Wage Studies: A Response to Neumark, Salas and Wascher, Allegretto et. al
Publication Selection Bias in Minimum‐Wage Research? A Meta‐Regression Analysis, Doucouliagos and Stanley
15 Years of Research on US Employment and the Minimum Wage, Wolfson and Belman
The Effects on Employment and Family Income of Increasing the Federal Minimum Wage, CBO
Dube’s twitter thread on the CBO
The Very Idea of Applying Economics, Thomas Leonard
If you want more on why demand-supply has been falsified for the labour market, read:
An econ theory, falsified, Noah Smith
Research suggests there's an easy way to reduce suicide ratesincrease the minimum wage, Jeff Spross
Destiny/Burgis Rent Control Debate
Time for Revisionism on Rent Control?, Arnott
IGM Survey of Economists on Rent Control:
Bloomberg article on Rent Control:
The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco, Diamond et. al
Considerations on Rent Control, Josh Mason
Economism, James Kwak
Toder, Eric & Rueben, Kim. (2007). Should We Eliminate Taxation of Capital Income?.
Moffitt, Robert and Wilhelm, Mark, Taxation and the Labor SupplyDecisions of the Affluent (June 1998). NBER Working Paper No. w6621, Available at SSRN
Keynes’ General Theory free online (source of Keynes quote)
Extra references from pinned comment:
The Importance of Study Design in the Minimum-Wage Debate, Daniel Kuehn
EPI data on the minimum wage
Diamond and McQuade (2019)
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