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Useful post, thank you.

A long time ago I did some figures on actual movement of people inside the USA, and as I recall, it doesn't add up to anything like the numbers required by the OCA model.

To me this has two implications:

  1. The other stuff (fiscal transfers, etc.) is even more important than people realise.

  2. This matches up with what we see in the USA, which is that while nice graph looks nice (unemployment between 3% and 8% ? across different US states) there remain significant and persistent wealth/poverty disparities between states.

As usual, this concerns me much more than it seems to bother economists, because it indicates to me that the free market and free movement isn't proving much good at solving this problem...
by Metatone (metatone [a|t] gmail (dot) com) on Sun Apr 19th, 2015 at 04:32:19 PM EST
Regarding what concerns economist, what you seem to be missing is the well-trained ability to filter out what it is possible to do. As long as you assume that all of that nasty stuff is beyond the reach of any effective government policy, then it is possible to "feel sad" that they exist, without it leading to any regret over the policies that help maintain and expand those problems.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Sun May 10th, 2015 at 03:51:35 AM EST
[ Parent ]
Fifty years after LBJ signed the Civil Rights Act racism remains, but it HAS been delegitimitated amongst a majority of those under 30 and the worst aspects, such as lynchings and cross burnings, are much less frequent and now are vigorously prosecuted.  

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun May 10th, 2015 at 05:43:40 AM EST
[ Parent ]
That is not the kind of thing that an Economist will be keen to argue it is impossible to change ...

... the increasing inequality of income, which meant for many blacks and whites alike that income gains made in the 1950's through 1980's are increasingly at threat of being stripped away ... why that is something that is just a "fact of nature", if you write the model the right way and ignore the simple facts presented to you by your lying eyes.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Sun May 10th, 2015 at 06:40:23 AM EST
[ Parent ]

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