Prize Seeking Nominations

It was mentioned on this blog the other day that I had the good fortune to win one of the Templeton Enterprise Awards earlier this week. Right now I’d like to speak on behalf of this program, since people who read this blog could well be producing the very kind of work that it seeks to honor. (People on this blog may also know of good books and articles to nominate.)

Minimum wage: A Tempest in a Teapot

What a wacky world we live in. An issue called the minimum wage fascinates the Pols even more than the price of meatloaf and 3 in the Senate cafeteria. Newspaper headlines hammer home this crisis in remuneration — I mean the minimum wage, not the price of meatloaf.

Forget that only 3% of hourly workers make less than the current $5.25. Only 13% earn less than the projected $7.25.

Forget that these are temporary, step-up jobs that are soon left behind.

Why Does Capitalism Need To Be Defended?

I admit that I have not heard this question—why does capitalism need to be defended?—in precisely that form. After the hardcover edition of my book In Defense of Advertising: Arguments from Reason, Ethical Egoism, and Laissez-Faire Capitalism was published, I did hear the question this way: Why does advertising need to be defended? As advertising is the point man and product of capitalism, the two questions are intimately related.The question about advertising initially surprised me.