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Jonathan Newman: Inflation and Business Cycles
Media Asset
Author: Jonathan Newman Jeff Deist
Online Publish Date:
Category: Booms and Busts, The Entrepreneur, Money and Banks
This weekend, we continue our series featuring some of the young scholars who are spending their summer here at the Mises Institute as summer fellows. One of these young scholars is Jonathan Newman, who is working on a PhD in Economics just across the street from us at Auburn University. Jonathan is not only a thoroughly Austrian scholar, but he
What Happened When One Company Set a Minimum Wage of $70,000
Mises Wire
Author: Jonathan Newman
Online Publish Date:
Category: Prices, Value and Exchange, The Entrepreneur
Dan Price, the CEO of Gravity Payments, took a $930,000 pay cut to raise the minimum salary of his employees to $70,000. The plan was announced in April 2015, and set to be completed over the course of three years. Both his employees (especially the ones with a larger pay increase) and proponents of income equality celebrated the move. It garnered
Everyone Wants Profits — Including “Non-Profit” Groups
Mises Wire
Author: Jonathan Newman
Online Publish Date:
Category: Praxeology, Subjectivism, Value and Exchange, The Entrepreneur
What is a “non-profit” organization? Are they subject to economic calculation? What can economic theory tell us about their functions? With Hillary Clinton under fire for (among other scandals) using the Clinton Foundation as “a kind of globalist grift,” and with promising new lines of research into social entrepreneurship by Professor McCaffrey
Should People be Allowed to Work for $1 an Hour?
Mises Wire
Author: Jonathan Newman
Online Publish Date:
Category: Entrepreneurship, Prices, Value and Exchange, The Entrepreneur
What is the least you would be willing to be paid to verify business addresses or phone numbers for a database? If you had a large online inventory and wanted simple word tags to describe each one of your products for search engine optimization, how much would you be willing to pay somebody to trudge through your product images and generate tags?