President Biden spoke yesterday responding to questions about the nation’s supposed “labor shortage.” “Pay them more,” he urged employers across the land on national television. I wonder if there are any other policy options besides trusting private industry not to exploit and squeeze their workers. Other than the ridiculousness of…
Comments closedCategory: Economics
One problem with the way antitrust doctrine is applied today in courts, which itself is an ahistorical interpretation of the law, is the way judges apply the “principles” of economics to their legal analysis of monopoly (anticompetitive) harms, harms sustained by immense market power. The standard, popular threshold to measure…
Comments closedDespite the popular wisdom that shareholders of a firm are its true owners, there is no sense, legal or otherwise, to which this is true. This post will serve to survey some of the political science literature and the contemporary legal scholarship which I believe thoroughly debunks the shareholder value…
Comments closedThe whole of social science and legal research offers vast amounts of evidence to disabuse any notion that free markets exist anywhere in a capitalist society. Everyone from non-economists to the general public cannot escape this reality. We as individuals have no choice but to exist under capitalism because it…
Comments closedStereotypes are positive and negative. But no matter the distinction, they are always harmful to someone. Like all stereotypes, there exists several unfounded, uncritical and plainly false ideas about how a particular person, apparatus, system, work which then culminate into a belief system. In the case of capitalism (or the…
Comments closedThere are no more illusions that ordinary workers, from the gig economy to each corner of the service industry, are robbed every day of a livable wage and are increasingly denied access to the broader economy because they cannot even afford to pay to purchase the fruits of their own…
Comments closedI am finally here. With some hard work and perseverance, I was finally accepted into a graduate program! It is an exciting opportunity. A chance to prove myself by completing graduate coursework and a strong and (hopefully publishable) thesis. I can also make a stronger case for my academic background…
Comments closedMy goal of this entry is to try to disabuse you of the silly and false belief that, to be very blunt, the purpose of federal taxation–the power of our federal government to levy some tax obligation on its public–is to pay for things. In an era of unprecedented corporate…
Comments closedThe Senate announced that the negotiations for second round of COVID-19 stimulus checks will be shelved until they reconvene September 8th. One would argue that in such a perilous time — one marked by significant blitz of evictions as moratoriums on rent end and an attempt to gut the USPS…
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