Progressive blogger and professional economics student Kathy G is involved in a tussle with libertarian blogger and professional economics know-nothing Megan McArdle over the economic concept of "monopsony"-actually not much of a tussle, because Megan, as yet, won't cowboy up and join the battle, nor even link to Kathy G. The term sounds technical, but Kathy pulls you through the concept with admirable clarity and bite.Consider the source meant OurFuture.org[**]
(now fully read)- I must note that I did not know * what monopsony was nor take Econ 101. I did take Econ 250 and 251, though that is really no matter given the elitist issues we have just been through... the last more than 7 years going on 30. Anyway the whole piece is a lot of knowledge in a little piece and again a challenge that too few will face. I hope to follow up or cowboy up more later.
*but I may have misremembered what I knew or it was necessary for this plot, but it is the point of the tetrahedron when worked wrong
[**] except for this link "consider the source" links were posted without reading except for their summary/intro from the homepage of OurFuture.org
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