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 […]
Art Carden is an Associate Professor of Economics at Samford University in Birmingham, Alabama. In addition, he is a Senior Research Fellow with the Institute for Faith, Work, and Economics, a Research Fellow with the Independent Institute, a Senior Fellow with the Beacon Center of Tennessee, and a member of the Adjunct Faculty of the […]
My own hands are dirty and my own heart is impure; however, I have seen the light. I repent.
Prof. Art Carden explains how trade not only creates wealth, but conserves both wealth and resources. When people have access to trade, they can produce the things they make efficiently, and then trade for the things they can’t produce as efficiently. This means they are able to meet their needs while consuming fewer resources. Part […]
Prof. Art Carden examines how trade creates wealth, by allowing people working together to produce more than they could individually. Using a simple two-person example, he shows another example of how cooperation during production benefits everyone.