All Posts Tagged With: "minimum wage"
A Libertarian Program for Urban Renewal
In the spirit of providing politically feasible “libertarian policies,” I want to offer a set of proposals to improve one area of American society that desperately needs it: the inner city.
29Sep2011 | Steven Horwitz | 14 comments | ContinuedForked-Tongued Washington Government
The Sherman Antitrust Act of 1890 was the first federal statute to limit cartels and monopolies and still forms the basis for most antitrust litigation by the Department of Justice. The Act contains two important provisions. Section 1 outlaws contracts and conspiracies in restraint of trade. Section 2 prohibits monopolization and attempts to monopolize. Most [...]
24Aug2011 | Walter E. Williams | 3 comments | ContinuedGovernment Can’t Regulate Just One Side of the Market
Regulations on sellers are necessarily regulations on buyers, and regulations on buyers are necessarily regulations on sellers.
3Mar2011 | Steven Horwitz | 10 comments | ContinuedA Libertarian Antipoverty Agenda
Too many poor Americans are stuck in poverty because of the structural barriers government puts in their way.
24Feb2011 | Steven Horwitz | 32 comments | ContinuedWalmart’s Bottom Line
Walmart is one of the world’s largest, most successful, and most vilified corporations. It was ranked number four in the Fortune 500 from 1995 through 1998, reached number one in 2002 and stayed there until 2009, when it fell behind Exxon Mobil. It’s also the only firm in the top four of the Fortune 500 [...]
5Jan2010 | Art Carden | 19 comments | ContinuedFreedom in America: Is the Glass Half-full or Half-empty?
It is an age-old question of perception. Show a person a glass with some liquid in it and ask, “Is it half-full or half-empty?” The importance of the answer depends on the interests of the person asking the question. If you owned a restaurant and wanted to skimp on the wine, you would rather your [...]
5Jan2010 | George C. Leef | 5 comments | ContinuedLabor Economics from a Free Market Perspective: Employing the Unemployable
Notwithstanding its title, this is not a textbook on labor economics. Rather, as the author stipulates in the introduction, it is “an ideological book.” It is a collection of papers written, sometimes with coauthors, by Block during the 1990s and 2000s on various labor-related topics. Of the 29 chapters, all but three were first published [...]
21May2009 | Charles W. Baird | 0 comments | ContinuedWorker Freedom in Peril
The Alliance for Worker Freedom (AWF) recently published its 2007 Index of Worker Freedom (IWF).The index ranks each of the 50 states on the basis of ten variables that affect the freedom of workers. “Freedom” is defined properly as the absence of interferences with individual worker choices. After explaining the ten variables used and identifying [...]
1Oct2008 | Charles W. Baird | 0 comments | ContinuedHow Free Markets Break Down Discrimination
One of my favorite lines in the classic movie The Magnificent Seven comes when a traveling salesman and his partner offer to pay the local undertaker to haul a dead Indian to boot hill. The undertaker refuses. He’d like to oblige, he explains, but the townsfolk are so prejudiced against burying Indians alongside whites that [...]
1Apr2008 | David R. Henderson | 3 comments | ContinuedThe Four Mistakes of Nonlibertarians
George Leef is book review editor of The Freeman. In Libertarianism: For and Against (Rowman & Littlefield, 2005), two philosophers debate the merits of libertarianism. Arguing in favor is Professor Tibor Machan, a contributing editor to The Freeman. His opponent is Professor Craig Duncan, who attempts a refutation of libertarianism and seeks to persuade readers [...]
1Jun2007 | George C. Leef | 0 comments | ContinuedAdam Smith in China
James Dorn is a China specialist at the Cato Institute and professor of economics at Towson University in Maryland. A shorter version of this article first appeared in the Times of India, January 24, 2007. China’s transition from plan to market since 1978 has not only increased prosperity but also has led to a new [...]
1May2007 | James A. Dorn | 2 comments | ContinuedRaising the Minimum Wage Will Do No Harm?
President Bush and the Democratically controlled Congress had all but done it. As this goes to press, they are on the verge of hiking the federal minimum wage, which has not budged since 1997. The minimum wage will have risen by 70 cents, or to $5.85, an hour by the time these words are read. [...]
1Mar2007 | Richard B. McKenzie | 3 comments | ContinuedMinimum Wage, Maximum Folly
The big Associated Press story for last October 11 was that “More than 650 economists, including five winners of the Nobel Prize for economics, called Wednesday for an increase in the minimum wage, saying the value of the last increase, in 1997, has been ‘fully eroded.’ ” Among these economists were Nobel laureates such as [...]
1Mar2007 | Walter E. Williams | 0 comments | ContinuedAt the Intersection of the Minimum Wage and Illegal Immigration
Howard Baetjer is a lecturer in economics at Towson University. This question from a former student named Blake addresses the interaction of two hot political issues: “I remember in class that raising minimum wage is a bad thing to do. My question to you is, since illegal immigrants don’t get paid minimum wage most of [...]
1Mar2007 | Howard Baetjer Jr. | 6 comments | ContinuedEconomists Against Economics
Five economists who either won the Nobel Prize in economics or who served as president of the American Economic Association—and three who did both—recently joined over 600 other economists in urging the federal government to increase the minimum wage. The signatures were gathered by the union-backed Economic Policy Institute (EPI), which unsurprisingly supports substantial government [...]
1Dec2006 | Sheldon Richman | 1 comment | ContinuedMixed Day at the Polls
Americans went to the polls on Tuesday not just to pick legislators and governors but also to vote directly on policies. The results were mixed. By and large people voted thumbs up on the minimum wage and thumbs down on eminent domain for private use. More . . .
A NEW article by Sheldon Richman
10Nov2006 | Sheldon Richman | 0 comments | Continued
Keynesian Economics and Constitutional Government
Last month 650 economists called for an increase in the federal minimum wage, saying it was the responsibility of the government to “improve the well-being of low-wage workers” by mandating the terms under which people may be employed. Among these economists were five recipients of the Nobel Prize in economics. One of them was Lawrence [...]
1Nov2006 | Richard M. Ebeling | 0 comments | Continued-
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