What Happened to Home Economics ?
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Assimilation and changes in cohort quality revisited: what happened to immigrant earnings in the 1980s?
"This article uses the 1970, 1980, and 1990 Public Use Samples of the U.S. census to document what happened to immigrant earnings in the 1980s and to determine if pre-1980 immigrant flows reached earnings parity with natives. The relative entry wage of successive immigrant cohorts declined by 9% in the 1970s and by an additional 6% in the 1980s. Although the relative wage of immigrants grows by...
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This is an elementary introduction to causal inference in economics written for readers familiar with machine learning methods. The critical step in any causal analysis is estimating the counterfactual-a prediction of what would have happened in the absence of the treatment. The powerful techniques used in machine learning may be useful for developing better estimates of the counterfactual, pot...
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How was the term "Neoclassical Economics" introduced to economics and what thoughts does it indicate? Does the current use of this term conform with the original efforts of the founders of it? These are among the questions which have always drawn the attention of economists. The term "Neoclassical Economics" was primarily introduced to the modern economics by Veblen. What he meant by it was the...
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About hundred years ago, Walton Hamilton, in a historical event tried to introduce an alternative approach to economics, known as institutional economics. He intended to show that the institutional economics is an extensive and comprehensive scientific paradigm that could unite the whole economics. In fact, this school of thought well succeeded to rule over the prestigious universities of the w...
متن کاملThe Mirage of An Economics of Knowledge
1 Once upon a time, say around the era of David Ricardo and Karl Marx, political economy was primarily concerned with the production of national wealth. This ―classical‖ notion tended to hang on long into the 20 th century, well after the invention of neoclassical economics in the 1870s (Mirowski, 1989, chap. 7). Nevertheless, there was no denying that within neoclassical economics, exchange ha...
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