Minimum Wage
There is no clear basis in economics, ethics, efficiency, or fairness for Minimum Wage Laws.
There is no clear basis in economics, ethics, efficiency, or fairness for Minimum Wage Laws.
One way to interpret Southern Cal and UCLA's move to switch conferences and join the Big 10 is as a form of peaceful secession.
Time is an irreversible flux. Each moment has a unique place in the sequence of moments of time with respect to action.
This concept of economic calculation is really the foundation of all economic theory, and price theory is the cornerstone of economic calculation.
What is libertarian law and how does it function? Ludwig von Mises answered some of those questions and helped chart a path to achieving such a state of affairs.
Presented at Mises University 2022.
Menger discovered much more than the principle of marginal utility—he created an entire system of economics based on subjective value and individual choice.
"The free market and the division of labor does not promote hyper-atomized individuals. It creates social harmony and community."
Even though the Cold War ended three decades ago, the threat of nuclear war still hangs over us. Scott Horton reminds us that preventing nuclear war should always be high on our political agenda.
Progressives claim that inequality is causing poverty and making people's lives worse. In reality, inequality leads to better economic outcomes overall and pulls more people out of poverty.
It is hard to explain through evolution how we know any necessary truths. Does this give us reason to abandon necessary truth? Nozick thinks so.