By free market I mean neoliberal economic policies.
Improved gold mining caused an average of 2% inflation between 1900 and 1914.
The international division of labour is no difference then surgeons being surgeons instead of also being farmers, craftsmen and miners at the same...
http://www.youtube.com/watch?v=BvJF0j-RLxk
Only if the Capital Gains and dividends taxes are abolished the process.
And protectionism reduces potentional GDP (comparative advantage).
Gun control is a state right, but still bad.
But employers do not have a monopsony power over their employees. It is a pure fallacy that empoyers can dictate cruel terms and not get punished...
An employer competees with other employers over the employees and they compete over eachother to get the best employer and the employers want the...
The simple fact is that the minimum wage make jobs whos worth is below the minimum wage illegal. The entire labor market is not a big monopsony,...
The black teenage unemployment rate is usually between 300% and 400% above the normal unemployment rate because they have their equilibrium wage...
Businesses are going to hire fewer teenagers for a "living wage" of lets say 15$ and hour or 20$ per hour then businesses would hire at 6$ per...
Truth is that firms can not simply push monopsonic terms on their workers in imperfect competition. And supply and demand does NOT rely on perfect...
Your whole position is based on that if the economy is not in perfect competition the labor market as a whole becomes a big monopsopy and the laws...
The existance of equilibrium wages in the imperfect economy is accepted by all mainstream and most non-mainstream economist. Your monopsony...
You deny the existence of the equilibrium wages unless the economy is in a immpossible condition.
It only needs perfect competition to have a perfect equilibrium. Just because there is always a small disequilibrium during workable competition...
The belief that there is perfect competition or monopsony but no workable competition is a fallacy. Supply and demand only needs perfect...
Lack of perfect information does not make monopsony powers the norm. Monopsony powers are clearly not the norm. I know that the supply for labor...
Your whole arguement is based on monopsony power. But monopsony powers are not the norm. There is competition in labor markets and supply and...
You misunderstand supply and demand. If the wages for unskilled labor were below their equilibrium we would have a shortage of unskilled labor....
Why not raise the hourly minimum wage 50 € and index it to inflation. Because it is above the equilibrium for many workers and they would be...
Workable competition. A minimum wage rarely if ever causes increased effiency in the market by pushing wages who are below their equilibrium...
Lack of perfect competition does not cause the laws of supply and demand not to matter, it simply prevents the market from reaching a perfect...
Perfect competition is needed for the supply and demand approach to get perfect results, this is never happens since the market never reches a...
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