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FREE GROWTH AND OTHER SURPRISES Draft Gordon Getty HOUSE_OVERSIGHT_010912 FOREWORD BY THE AUTHOR How Come This Book? A few months ago, Robert Trivers was kind enough to send me his new book. The title is “Wild Life”. Perfect two ways. Bob is a world authority on wildlife, to wit evolutionary biolog
OR How Come This Book? A few months ago, Robert Trivers was kind enough to send me his new book. The titl
zero just as buildings do. Yoram Ben-Porath combined these ideas and more in a masterly life- cycle model published in 1967. We'll get to it soon. Schultz called the part of consumption exhausted in taste satisfaction “pure consumption”. The part invested in human capital was “pure investment”. I change
can choose) because males with their now ill-adapted anti-parasite (histocampatability) genes will find few willing mates. This begins the part from Trivers. I'll come to Alexander’s later. Mothers in the source deme see an opposite picture. Conditions are not necessarily better than before, but they ar
realized, as it were, in his person. The conversion of some consumption into human capital was a favorite theme of Frank Knight a generation before Schultz. Only the rest is what Schultz called pure consumption eliminated from the economy in satisfying tastes. Becker added in 1964 that this investment mu
ard for both sexes. R. A. Fisher in 1930, and Bob Trivers in 1972, suggested why. Males, in humans, produce
Bawerk and the Austrian school are underrated. The pantheon might have room for him. Am I being too tough on later economists? We should not forget Schultz and Ben- Porath. Schultz’ greatest achievement, unless Mincer beat him, was in spotlighting human depreciation. That left me to ask where this huge f
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