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[quote user="Prashanth Perumal"]But hey, try Market for Liberty by Morris and Linda Tannehill. Part III of the book deals with what you want to know. It speaks of how the displaced labor (due to the dissolution of the State) will be adopted by the market, for other needs. Hope you like it![/quote] @Prashant, Thanks for your suggestion, I'll
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@ socialdtk, From your response above I understand that the majority of the consumers of goods and services would be better off, however it would'nt be the case for government employees, who would have to take lower pay jobs. BTW, their current pay is kept artificially high by the state, who relies on them as a great ideological "stakeholder"
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[quote user="Prashanth Perumal"] To be honest, this question can't be answered a priori by an economist. Perhaps, an entrepeneur who knows about consumer demands can answer you. [/quote] My questions are not intended to compose any kind of academic work, I'm just trying to compile some "serious" but objective information
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Hi Austrian folks, From the daily observation of market issues associated with labor, it's easy to see countless manifestations of unbalance and waste of resources, for instance: The so-called unemployment high rates; Lack of qualified professionals in several business areas; Distortions of wages caused by union legislation and government regulations;