Author archives: José Luis Ferreira

A world of open borders

A world of open borders

Economics

By José Luis Ferreira

“We asked for workers. We got people instead.” Max Frisch In a past article, I reviewed the recent literature on the effects of immigration on the labor market. To sum up, it finds no significant negative effects on employment or wages of native workers while it boosts the local economy. From here, one may be […]

Free water policy in South Africa

Free water policy in South Africa

Economics

By José Luis Ferreira

Standard supply and demand analysis shows that competitive markets will deliver a given commodity up to the point where costs (as perceived by producers) equal benefits (as perceiver by consumers). When both producers and consumers internalize all costs and benefits, the result is efficient in the sense that the market does not dilapidate resources. An […]