The Canadian Hockey League (CHL), which consists of the Ontario Hockey League (OHL), the Western Hockey League (WHL), and the Quebec Major Junior Hockey League (QMJHL), is currently embroiled in a “$180-million class-action lawsuit. The suit on behalf of all current and many former players seeks outstanding wages, overtime pay, holiday pay and
Listen to Ryan McMaken’s commentary on the Radio Rothbard podcast . Bloomberg reports this week that on Wall Street, men have started to implement office strategies that some managers and employees believe will minimize the likeliness of being accused of sexual harassment: While the new personal codes for dealing with #MeToo have only just begun
An audio version of this article is available here . As long as I can remember, unions have attacked as “scabs” those willing to accept work for wages and conditions those unions reject, even if it involves crossing union picket lines. In fact, that usage goes back centuries, from English slang for a mean, low, “scurvy” rascal or scoundrel. As
President Trump has proposed a one-year pay freeze for federal bureaucrats, which has reinvigorated the debate over whether compensation levels for the civil service are too lavish . The Washington Post opines this is nothing but “government bashing,” but this chart from my former colleague Chris Edwards should be more than enough
Somehow, an all-star Hollywood cast created The Company Men (2010) and it got past the usual censors. The movie is an effective rebuttal to Arthur Miller’s 1949 Death of a Salesman . The recently-laid-off characters spend the movie living their lives after rounds of layoffs. In doing so, they effectively act out a debate between a proponent of
It seems like the media will never stop promoting the myth that public school teachers are “underpaid.” The most recent example is the front-page story in Time , “This Is What It’s Like to Be a Teacher in America.” Time tells of a woman who makes $55,000 per year teaching but works two other jobs in order to “pay the bills.” The article includes
[ Reprinted from Free Market Economics: A Basic Reader , compiled by Bettina G. Greaves .] The division of labor is a subject which has fascinated social scientists for millennia. Before the advent of modem times, philosophers and theologians concerned themselves with the implications of the idea. Plato saw as the ultimate form of society a
One of the more persistent myths about capitalism is that wealth and resources are “wasted” when spent on luxuries. At the core of this myth is the idea that when you buy, say, a $5,000 75-inch LED television, the money you spend on that item goes only to improve the life of the person who ends up owning the television. “Look at those rich people
One of the challenges in looking at income and wealth data is getting a sense of how different demographic groups are affected. It’s relatively easy to find median income and wealth data over time for the entire population, for example. But then problems of interpretation immediately present themselves. For example, if the data is household data,
[Newsweek column from May 26, 1952, and reprinted in Business Tides: The Newsweek Era of Henry Hazlitt.] At his press conference on May 8, Mr. Truman, asked whether the chief danger was inflation or deflation, replied that the country had to guard against both: and that was why it was necessary to have control powers — to prevent either one. There
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.