Andy’s Reviews > Economic Facts and Fallacies > Status Update
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Sowell's initial idea that government involvement is inefficient because it restricts the range of mutually acceptable terms for agreements between two people is true if you grant the following assumptions: government has no legitimate interest in these agreements, people are perfectly rational actors with near perfect information, and individuals have equal bargaining power.
— Apr 09, 2019 04:37AM
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Andy’s Previous Updates
Andy
is on page 75 of 262
Sowell claims that family and domestic obligations might explain gender pay gaps in jobs like nuclear submarine officer (because knowledge advances rapidly) despite the fact that women couldn't serve on nuclear subs until 3 years after the book was first published. Maybe not as well researched as claimed.
— Apr 09, 2019 10:25AM
