David Levy and Sandra Peart (I am currently in Levy’s Constitutional Political economy course at GMU) have a new paper possibly being published in JEBO shortly that looks at the systematic overstatement of the strength of the Soviet Economy by US agencies. In their discussion they note the reports from individuals who have actually [...]
The Coalition of Immokalee Workers (CIW) and Pacific Tomato Growers (PTG) have come to an agreement, raising the per-pound piece-rate for tomato pickers from 1.6 cents per pound to 2.6 cents per pound.
What’s the big deal, you say?
First, notice that the argument is based fundamentally on a labor theory of value. This is the basis [...]
Boing-Boing relates a new paper in the Stanford Technology Law Review, by Eric M. Fraser. He claims that the recent agreement between Google and the Authors Guild providing Google exclusive rights to provide previously orphaned works creates such a barrier to entry that no other firm will ever be able to compete.
This might be [...]
When discussing antitrust, as in all other fields of economics, it is absolutely essential that we make clear the difference between causation and correlation. In this case, are the alleged evils of large corporations caused by their bigness? Or, are they merely correlated, having a common root cause? Many, many people see [...]