Posts Tagged ‘equality or efficiency’

  • Equality or Efficiency, the Size of the Pie and Each Slice

    A Plymouth Plantation Reprise

    Nov 24, 11 • 107 Views • Behavioral Economics, Economic Debates, Economic History, Households, Labor, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    Perhaps even more relevant today, this was our blog for last Thanksgiving: In 1623, two years after the first Thanksgiving, Governor William Bradford was worried about Plymouth’s food supply. The problem, he concluded, was that people shared whatever...

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    An Economic Story From Plymouth Plantation

    Nov 25, 10 • 137 Views • Developing Economies, Economic Debates, Economic History, Labor, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    In 1623, two years after the first Thanksgiving, Governor William Bradford was worried about Plymouth’s food supply. The problem, he concluded, was that people shared whatever they produced. Because “able and fit” young men were expected to...