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Ten Free Copies Of Hazlitt's 'Economics In One Lesson'
- Thread starter jonnyy40
- Start date
Whats special about yours? New edition? Serious question..not bashing.
One google search and I found this.
http://jim.com/econ/
One google search and I found this.
http://jim.com/econ/
The book needs to be rewritten to reflect the real world.
Example: 19. Minimum Wage Laws
"There is no escape from the conclusion that the minimum wage will increase unemployment."
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This is proven to be false. Robert Reich is the latest I know of to show that states with higher minimum wage laws had higher growth rates and lower unemployment. The Clinton Administration had a similiar study conclude the same thing back in the 1990's.
Example: 19. Minimum Wage Laws
"There is no escape from the conclusion that the minimum wage will increase unemployment."
-----
This is proven to be false. Robert Reich is the latest I know of to show that states with higher minimum wage laws had higher growth rates and lower unemployment. The Clinton Administration had a similiar study conclude the same thing back in the 1990's.
That depends whether the minimum wage is below or above the equilibrium of supply and demand.
If below............then the law is just a protector of abuses.
If above it..........it works as a shortage tool..........creating unemployment and high costs to firms.
If below............then the law is just a protector of abuses.
If above it..........it works as a shortage tool..........creating unemployment and high costs to firms.
Quote from Covertibility:
The book needs to be rewritten to reflect the real world.
Example: 19. Minimum Wage Laws
"There is no escape from the conclusion that the minimum wage will increase unemployment."
-----
This is proven to be false. Robert Reich is the latest I know of to show that states with higher minimum wage laws had higher growth rates and lower unemployment. The Clinton Administration had a similiar study conclude the same thing back in the 1990's.
I don't think people will read the online version.If it's available on kindle and I could buy it for more people,I would.If they get it in book form,for free,I'm sure it would be read by most of the ten.
'Why does this character care about me? Maybe there's something in it worth looking at!'
'Why does this character care about me? Maybe there's something in it worth looking at!'
Still copies available
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Quote from Covertibility:
The book needs to be rewritten to reflect the real world.
Example: 19. Minimum Wage Laws
"There is no escape from the conclusion that the minimum wage will increase unemployment."
-----
This is proven to be false. Robert Reich is the latest I know of to show that states with higher minimum wage laws had higher growth rates and lower unemployment. The Clinton Administration had a similiar study conclude the same thing back in the 1990's.
(your) conclusion is very questionable in terms of causality. i haven't reviewed these particular studies but the fundamental concept of supply/demand shows that a price floor causes inefficiencies at least to the second order. structurally many affects cannot be measured.