Wages and Empire.

Racism, Empire and Sociology

‘[T]he entity called Europe was constructed from the outside in as much as from the inside out.’ So wrote Mary Louise Pratt, at the start of Imperial Eyes (1992: 6), her insightful account of colonial travelogue. Pratt’s point provides a pithy summary of one of the central claims of what was, at the time, the still emerging field of postcolonial studies (in which context, of course, Imperial Ey...

On the Reservation Wages and Liquidity Constraint

This paper argues that a risk averse of workers after-tax reservation wage the difference between her reservation wage and the tax needed to fund the unemployment insurance system when liquidity constraint binds exists and it is unique. The optimality of unemployment insurance based on the responsiveness of reservation wage to unemployment benefit shows the disincentive effect, i.e. higher unem...

Sticky Wages, Efficiency Wages, and Market Processes

ainstream macroeconomics is in disarray. Perusal of commonly used textbooks in macroeconomics will confirm that impression without much difficulty. Unfortunately, the same statement could have been made, and often was made, fifteen years ago. While in this sense little has changed in recent years, the disarray is now more fundamental and severe than a t any time since the 1930s. Amidst this dis...

Verbatims and "Empire Matters".

Globish and the empire.