The Unseen Costs of the Minimum Wage
Supporters of minimum wage hikes claim they have little or no effect on employment, the law of demand makes it clear the effects of price controls
Supporters of minimum wage hikes claim they have little or no effect on employment, the law of demand makes it clear the effects of price controls
An economy cannot be successfully planned with computers and technicians. Mises and Hayek proved this decades ago, writes Nicolás Cachanosky.
The aim of this paper is twofold: to reformulate the concept of contestable markets in the context of property boundaries and to recapitulate the characteristics of “sunk costs.”
This paper defends the Rothbardian theory which states that the proportion of consumption spending relative to investment spending is systematically related to the interest rate through time preference in society,
There exists a modest but steadily growing literature on the economics of science. Much of it concerns the funding of research and the reaping of societal benefits therefrom, but one also sees increasing interest
Do we now have the Third Culture that C. P. Snow saw coming to life? It would appear so.
In his recent Mises Daily, Dave Albin admirably elucidates th
The corn, sugar, and ethanol industries in the US are all part of a complex system of government subsidies and other favors, writes Dave Albin.
Labor unions work to prevent increases in the productivity of workers, which is ultimately the only way to increase real wages, writes George Reism
This is part II of a two-part paper in which a critique is offered of the private right to free incorporation from a classical liberal or libertari