Labor

The current conversation around labor is odd. Many (most?) labor advocates still talk about their fight in Marxist terms. Never mind the more theoretical aspects of Marxism, his views on history and progress, etc., and just look at labor. Labor, in this view, is the foundation for all value. Capitalism developed when labor was commodified,…

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Lies My Economist Told Me

There’s this weird feature in life where if people say things often enough, they become common knowledge and people stop questioning them.  The world of economics has raised the art of creating truths like this to its pinnacle.  We all know that governments are no good at picking winners.  We all know that regulation hurts business. …

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