Tag: comparative advantage
Why it would be madness to produce all our own food
March 14, 2017 | Post
There’s a reason why, in times of war, countries have blockaded others.
What the Patriots' Super Bowl win can teach you about comparative advantage
February 9, 2017 | Post
We don’t have to have to be like Brady and have an absolute advantage to profit.
How to get millions of people working for you
January 8, 2017 | Post
“The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.” — Adam Smith
Yes, We Can Get Richer by Doing One Another’s Laundry
May 2, 2016 | Post
Maybe you’ve heard this slogan: “we can’t get rich doing one another’s laundry.” It’s a sneer at low-skill jobs in the service sector and it is sometimes used to persuade governments to give special privileges to those who practice macho arts like manufacturing lest we be reduced to a nation of shopkeepers, or worse, dry […]
Featured On Demand Program of the Week: The Immigration Debate
November 2, 2015 | Post
With presidential contenders like Donald Trump and Bernie Sanders making a fuss about foreign laborers coming to the country and depressing wages or murdering our women and children immigration reform has once again moved to the front lines of presidential politics. Have you ever wanted to cut through the demagoguery and fear-mongering and get plain […]
Art Carden: Illegal Immigrants Don't Lower Our Wages Or Take Our Jobs
October 28, 2015 | Post
Below is an excerpt of a post that appeared at Forbes.com on August 28th, 2015. According to an April 2015 symposium on the effects of illegal immigrants in the Southern Economic Journal, illegal immigrants actually raise wages for documented/native workers. Meanwhile, rules preventing illegal immigrants from getting driver’s licenses raise our car insurance premiums and […]