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Going as far back as Andrew Weiss’s survey paper , there are various attempts to argue that the two theories make the same predictions about earnings and education. A randomly elevated individual will earn more money but is this from having learned more or from being pooled with a more productive set of peers? To explore this, let’s pursue the very good question asked by Bryan Caplan :
What do pornographers know that we don't? Namely, how to convince people to have sex on camera for not much money? I'm not talking about big name stars working for the major studios - I consider that the porn version of making it big in the music industry. What I'm curious about is the bar band or even open mic level equivalent. There's a lot of "amateur" / "reality" porn out there, of the casting couch/sex-in-a-van/what if I gave you $500 and your boyfriend could watch variety.
As of 10-19-04, Learning Economics is available at the following online outlets: "Arnold Kling brings an incisive economist's eyes to the current problems of the day, with a readable style and a substantive emphasis on the creative destruction of America's dynamic high-tech start-up world." --Jeffrey Frankel, Kennedy School of Government, Harvard University