What The Price Of Slaves Tells Us About The Workers’ Wages

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It's a general principle of economic thinking that higher productivity workers will get paid more. Further, that when productivity rises generally then the workers...

Another One Of Those Spotting What They’ve Done Things

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So, the US has grown increasingly unequal over recent decades. This is because the rich folks have been sucking up all the income growth...

Socialism By Any Other Name Would Stink Just As Badly

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A fun result from some research by Ed Lazear: One surprising finding from my study is that changing a country’s name to eliminate the terms...

Research We’d Really Like To See – Is Socialism Worse Than Slavery?

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I would not wish either slavery or socialism upon another. Both are foul impositions, crushings of human liberty. By socialism here I do mean...

Huzzah! The UK Has A Trade Surplus!

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You know all those folks who keep saying how terrible it is that the UK has a trade deficit? That we have to export...

Beware Biophysicists Doing Economics

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This is a warning sign: Isky Gordon is emeritus professor in the developmental imaging and biophysics section at UCL Great Ormond Street Institute of Child...

French Productivity Is Indeed Higher Than British

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It's one of those Willy Hutton things - French labour productivity is higher than UK, therefore Britain should do things more like France. Which...

If Only The Fool Understood Rentier Capitalism

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We've another one of those Guardian blasts at the iniquities of capitalism. This time around it's about rents and rentier capitalism. An analysis that...

The Price Of A Life

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Matthew Parris almost gets this right. He's talking about the price of a life, something we've got to take note of. Because, as we...

Well, OK, But…

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From our Swindon Correspondent: The only thing we all know is that a 66% drop in people working away from home will have a negative...