I am a freelancer in the publishing industry, so words are very important to me. I'm a leftist living in a world gone mad, so politics are very important to me. I'm an environmentalist living in a degrading world, so pick up your damn trash, get rid of your gas guzzlers, and don't touch ANWR, you self-absorbed capitalists!

Do leave comments: let's make this a conversation. If you prefer, you can contact me at friuduric at yahoo dot com.

30 January 2006

Just Kill Me Now

“Our results follow from two basic observations. First, zero-sum distribution shocks have aggregate effects if, and only if, there are asymmetries in the reactions of winners and losers to change in wealth. If the individual response of, say, labor supply to a marginal change in wealth is the same for everybody, then wealth changes that sum to zero generate changes in labor supply that also sum to zero.”

Good news: 14 of these done.

Bad news: 16 more to go.

See, I wasn't exaggerating when I said it was a monster.