Billy Foster, PhD

Billy Foster

Clinical Assistant Professor of Economics at

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Quotations

If all men were equal in interest and in endowment, natural or artificial, there would be no organized economic activity to explain. Each man would be a Crusoe. Economic theory thus explains why men co-operate through trade. They do so because they are different. — James Buchanan and Gordon Tullock, The Calculus of Consent (1962)

Posts Tagged ‘labor economics’

Labor Economics
Course number:
NEIU – ECON 306D

FULL SYLLABUS (.pdf)

“Everything in the world is purchased by labour”

- David Hume (1711 – 1776), Essays, Of Commerce

“The property which every man has in his own labour; as it is the original foundation of all other property, so it is the most sacred and inviolable…”

- Adam Smith (1723 – 1790), An Inquiry into the Nature and Causes of the Wealth of Nations

INTRODUCTION

This course is a more intricate study of labor markets than is offered in the standard microeconomics courses. We will be applying economic theory to labor markets and related economic phenomena including but not limited to: earnings, employment, unemployment, worker mobility, and discrimination.

REQUIRED TEXT

Labor Economics, Fifth Edition
George J. Borjas
Publisher: McGraw-Hill
ISBN: 0073511366

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