The Effect of Economic Freedom on Labor Market Efficiency and Performance
By Lee Ohanian via the Human Prosperity ProjectLee Ohanian surveys the history of American labor since 1960 and demonstrates that economic freedom has led to greater workforce participation and, consequently, has increased levels of production and per-capita compensation. Conversely, he maintains, when the United States has heavily regulated labor markets via high taxes, minimum wages, collective bargaining, or occupational licensing, it has caused reduced investment, slowed productivity, increased unemployment, and, over the long term, depressed wages.
By Lee Ohanian via the Human Prosperity ProjectLee Ohanian surveys the history of American labor since 1960 and demonstrates that economic freedom has led to greater workforce participation and, consequently, has increased levels of production and per-capita compensation. Conversely, he maintains, when the United States has heavily regulated labor markets via high taxes, minimum wages, collective bargaining, or occupational licensing, it has caused reduced investment, slowed productivity, increased unemployment, and, over the long term, depressed wages.
A tribute to an economic giant — Friedrich Hayek — who would have celebrated his 121st birthday on May 8
Mark J. Perry | Carpe Diem
Mark J. Perry | Carpe Diem
What Austrian Economists Can Learn From Roger Scruton
By Allen Porter Mendenhall on May 10, 2020 07:59 pm
There can be no freedom absent some authority. Conservatives and libertarians alike may locate that authority in mediating institutions of modest size, recognizing the importance of consent and localism, family and place, to good government. Sir Roger Scruton’s example shows that certain conservative cultural conditions enable market-based economies to flourish. The room is alive with ...
Read in browser »
By Allen Porter Mendenhall on May 10, 2020 07:59 pm
There can be no freedom absent some authority. Conservatives and libertarians alike may locate that authority in mediating institutions of modest size, recognizing the importance of consent and localism, family and place, to good government. Sir Roger Scruton’s example shows that certain conservative cultural conditions enable market-based economies to flourish. The room is alive with ...
Read in browser »
The Second Phase of Unemployment Will Be Harsher – Victor Tan Chen & Ofer Sharone, The Atlantic
Why Communism Failed And Liberal Democracy Prospered
by Peter Berkowitz via PolicyEd
Liberal democracy triumphs where communism fails because it limits the government’s ability to make important decisions on behalf of its citizens.
by Peter Berkowitz via PolicyEd
Liberal democracy triumphs where communism fails because it limits the government’s ability to make important decisions on behalf of its citizens.
The Journey Home: Wilhelm Röpke & the Humane Economy
Building American Institutions During a Cultural Crisis
Building American Institutions During a Cultural Crisis
The Christian Moral Economy
By Cicero Bruce on Jun 20, 2020 04:00 pm
The contributors to “Wealth, Poverty, and Human Destiny” underscore the truth that liberal intellectuals who foster the illusions that God is dead, that man is self-sufficient, are but tools in the hands of the actual dominant force: global corporations that wield economic power, power that the liberal intellectuals unwittingly serve by providing corporate advertisers ...
Read in browser »
By Cicero Bruce on Jun 20, 2020 04:00 pm
The contributors to “Wealth, Poverty, and Human Destiny” underscore the truth that liberal intellectuals who foster the illusions that God is dead, that man is self-sufficient, are but tools in the hands of the actual dominant force: global corporations that wield economic power, power that the liberal intellectuals unwittingly serve by providing corporate advertisers ...
Read in browser »
RSS Feed