Jeffrey Degner reviews Caitlin Zaloom's Indebted: How Families Make College Work at Any Cost and finds that while the anthropological approach led to interesting anecdotes, Zaloom's economics fall short.
05/21/2020Quarterly Journal of Austrian EconomicsEr’el Granot
Reswitching indicates that the average production period is not necessarily a decreasing function of the interest rate. Granot's generic model of the structure of production shows behavior resembling reswitching.
Addressing a problem that Karl-Friedrich Israel perceived in Salerno's chapter "The 'Income Effect' in Causal-Realist Price Theory," Salerno contends that Israel's resolution implies a denial of the law of demand.