Some Links

02 Jan 2025 Leave a comment

by Jim Rose in applied price theory, economics of regulation, history of economic thought, industrial organisation, politics - USA

TweetMike Munger explains that “the only way to gain jobs is to lose jobs.” Two slices: Politicians want to create jobs, “good-paying union jobs,” in existing industries.  But that’s not what markets do. The “destructive” part of creative destruction eliminates jobs in existing industries. In a dynamic economy, innovations indivision of labor can create good-paying…

Some Links

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Bassett, Brash & Hide

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Celebrating humanity's flourishing through the spread of capitalism and the rule of law

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