Search results for ""author luis garicano""

España se enfrenta, en los próximos años, a una encrucijada histórica. Por un lado, se le presenta un camino aparentemente fácil, el del estatismo y el populismo, la vía hispana al subdesarrollo seguida por Venezuela y por Argentina, por la que España siempre se ha visto tentada. Por el otro, está una senda que exige cambios importantes a corto plazo, pero que puede hacer que la economía y la sociedad sean más productivas.Elegir el segundo camino supone llevar a cabo reformas al menos en tres áreas prioritarias: la educación, para que sea menos memorística y se centre más en los aspectos analíticos; las instituciones económicas, para asegurar un mercado mucho más transparente, y las instituciones políticas, para incrementar la calidad de nuestras élites y que de verdad rindancuentas ante los ciudadanos.En este libro, el economista y catedrático de la London School of Economics Luis Garicano apuesta decididamente por esta segunda vía, basada en la inversión en capital humano, la reforma

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A staunch neoclassical economist, Sherwin Rosen drew inspiration from Adam Smith's Wealth of Nations, particularly his theory of compensating wage differentials, which Rosen felt was central to all economic problems involving product differentiation and spatial considerations. The main theme of his collection is how markets handle diversity, including the determination of value in the presence of diversity, the allocation of idiosyncratic buyers to specialized sellers, and the effects of heterogeneity and sorting on inequality. Rosen felt that good economics required combining simple but powerful concepts such as optimizing and equilibrium with careful empirical analysis. It was important for the relatively simple rules of behavior implied by rationality to have useful, empirically descriptive content and predictive power. If they did, it was often possible to infer underlying structure (tastes and technology, for example) from actual behavior. Using this approach, Rosen was able to develop powerful insights into such phenomena as the enormous salaries paid to sports and entertainment stars and top business executives. He also explored with fruitful results the premium paid to workers in risky jobs, learning and experience in the labor market, and other labor market phenomena.

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