It is often remarked that the existence of unions is proof of the inefficiency and failure of markets to pay workers adequate wages. That workers, as a great multitude with little individual influence, must form socialistic collectives in order to provide a counterweight to the great power wielded by...
Posted to
Solredime
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Solredime
on
Tue, Dec 29 2009
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Filed under: regulation, intervention, sticky, unions, trade unions, deflation, inflation, competition, sticky wages, raising prices, raising wages
Scarcity can be defined as the ownership of something tangible which necessarily excludes others from using it. Thus, if I own a fork, I exclude others from using it, unless I either give it away or temporarily transfer availability of it to someone else, which in turn means I cannot at that point in...
Posted to
Solredime
by
Solredime
on
Fri, Aug 7 2009
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Filed under: regulation, intervention, non-scarcity, intellectual property, monopoly rights, IP, copyright, copyleft, creative commons, scarcity