On the nature and significance of a free lunch

Thomas Cool
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Thomas Cool: Consultancy & Econometrics
Authors registered in the RePEc Author Service: Thomas Colignatus (tc-tc@kpnmail.nl)

General Economics and Teaching from University Library of Munich, Germany

Abstract: Some 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.

JEL-codes: A (search for similar items in EconPapers)
Pages: 6 pages
Date: 1996-07-25
New Economics Papers: this item is included in nep-env and nep-pke
Note: 6 pages Word for Windows, formulas, 4 diagrams
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