5. “Labor Units” and “Wage Units”
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
The Spanish and Portuguese were not very effective about colonizing the New World, despite finding gold and silver and claiming land. The London Company arrived about 1611 with indentured servants. Life expectancy was as young as twenty-one, although food supplies were better in the New World. Land was cheap and available to most immigrants.
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
The study of U.S. history seen through the lens of economic theory teaches us lessons like: (1) Why did America do so well economically?, (2) Why do we have the problems of war, terrorism, and immigration?, (3) What results from the growth of government?, ...
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.
From the first edition of Robert P. Murphy’s Chaos Theory: Two Essays on Market Anarchy.
Narrated by Jock Coats.
Why did people move to the new world? The benefits outweighed the costs. The explorers were driven by the economic philosophy of mercantilism. Government and business partnered to build a nation state. Money was thought to be wealth, but it is not. Government ships, soldiers, and subsidies gave the power of kings behind businesses.
From The Failure of the “New Economics”. Narrated by Josiah Schmidt.