The Economics and Politics of the Minimum Wage

Tags: Interventionism, Political Theory, Value and Exchange

07/30/2010 Roger W. Garrison

Employs graphical analysis to demonstrate many ways in which US minimum-wage legislation caters to special interests and exploits voters’ lack of economic understanding. Recorded at Mises University 2010.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.