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- Search found 6 items for:
- Production Theory
- Art Carden
- 2009
Mises Daily
Author:
Art Carden
Online Publish Date:
One of the things that first attracted me to economics is that its logic leads us sometimes to counterintuitive conclusions. A perfect example of this is the regulated workplace. The minimum wage raises incomes for some workers and lowers incomes for others. Workplace safety regulations advantage those who are very risk averse at the expense of
Mises Daily
Author:
Art Carden
Online Publish Date:
Legislation has outlawed “child labor” in the United States in various manifestations for decades, yet child labor persists for several reasons and through many different channels. While children no longer work in factories or in other occupations, they still work in family businesses (on farms, in family restaurants, etc.), and less obvious
Mises Daily
Author:
Art Carden
Online Publish Date:
People in the market can compete on many different margins. They can compete by offering higher productivity, or they can compete by offering better products. Perhaps most importantly, people can compete by offering lower prices. In the case of laborers, this often means offering their services at a lower wage. Anyone who has taken an