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You searched for: label/vertical specialization

What’s in a name?

…no matter the labels thrown upon them, going back 1000s of years. Its recurring features — concentrated power, weak accountability mechanisms, suppression of organized opposition — are structural problems of…

New Keynesian Vs Keynes Challenge II

…Phillips curve was vertical. Keynes relying on casual empiricism said the same thing (not similar the same). The following passage is incomprehensible without context (and uncharacteristically turgid in context) but…

What Will We Tell the Doctors?

…by—convexity effects appear. Eventually, doctors have to right-size their practice. The current trend toward Vertical Integration may mitigate effects in the short term. But eventually—probably within 15 years, though it…