Re: Actual Economic Question
On Oct 11, 2006, at 2:11 PM, joanna wrote:
Doug Henwood wrote:
It’s because they’re so wonderfully skilled and the market is
rewarding them appropriately, of course.That’s right, and Henry Ford IV is just about a million times
smarter and harder working than I am.
Economists have an answer for that: “unobserved characteristics.”