Early proponents of the minimum wage advocated it not in spite of, but for its deleterious effects on minority populations.
Would you tell a lie to protect someone from harm?
UberX produces daily social value of about $18 million. That is comparable to having an excellent French impressionist painter produce a beautiful work each day and give it away for free.
What makes something valuable? Today, we know that value is in the eye of the beholder—that is, value is subjective. But for many years, people subscribed to the theory that the value of goods came from the amount of work that went into creating them: the “labor theory of value”. Professor Steven Horwitz explains it […]