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Most of the population in the Western world lives in prosperous societies today. However, Economics, according to its traditional definition, deals with allocation of resources in conditions of scarcity. Since the pressing problems nowadays are associated with abundance rather than with...
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A paper presented at the December 2004 conference "Labor Market Developments in the United States and Canada since 2000," cosponsored by the Federal Reserve Bank of New York, the Canadian Consulate General in New York, the Centre for the Study of Living Standards, and the New York Association...
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