I have dealt with that subject in my Perverse Economy book. I have also written in several books about the idea that high wages spurred innovation in US economic history. Here it was not regulation, but labor scarcity. However, minimum wages did have a positive effect on technology -- is cached in the South.
Michael Perelman Economics Department California State University michael at ecst.csuchico.edu Chico, CA 95929 530-898-5321 fax 530-898-5901 michaelperelman.wordpress.com -----Original Message----- From: PEN-L list [mailto:[EMAIL PROTECTED] On Behalf Of Eban Goodstein Sent: Friday, November 03, 2006 11:45 AM To: [email protected] Subject: [PEN-L] tehcnology forcing regulation Folks, have had this query: We need some examples of cases where government regulations have spurred technological or other innovations with significant economic benefits resulting. Any good suggestions for summary resources? thanks-- Eban Goodstein Jim Devine wrote: > Mark: >> >The only "revolutionaries" to vote consistently Democratic over much >> >of this stretch wore hoods and sheets and voted early and often. > > Louis Proyect wrote: >> This is absolutely true. Before the New Deal, there was little to >> distinguish Democrat from Republican. We seem to have returned to the >> status quo ante. > > If I remember correctly, before the New Deal, the DP was in favor of > free trade, while the GOP was not. Nowadays, those roles have been > partially reversed. There may have been some other differences between > the parties, but of course their attitude toward capitalism was the > same. > -- > Jim Devine / "Mathematicians are like Frenchmen: whatever you say to > them, they translate it into their own language, and forthwith it > means something entirely different." -- Johann Wolfgang von Goethe -- Eban Goodstein Professor of Economics Lewis & Clark College Portland, OR 97219 www.lclark.edu/~eban 503-768-7626
