On the nature and significance of a free lunch
AbstractSome economists think that there is no free lunch. Fore this reason they close their eyes to the free lunch that presently exists in the inefficient labour market. It can be shown that the economy is full of free lunches. The major example is economic growth by innovation. When the possibility of a free lunch is accepted, then we can discuss the labour market in more realistic terms.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by EconWPA in its series General Economics and Teaching with number 9607003.
Length: 6 pages
Date of creation: 25 Jul 1996
Date of revision:
Note: 6 pages Word for Windows, formulas, 4 diagrams
Contact details of provider:
Web page: http://220.127.116.11
Find related papers by JEL classification:
- A - General Economics and Teaching
This paper has been announced in the following NEP Reports:
- NEP-ALL-1998-10-02 (All new papers)
- NEP-ENV-1998-10-02 (Environmental Economics)
- NEP-PKE-1998-10-05 (Post Keynesian Economics)
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.