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  • Wages and libertarianism

    Libertarians assert that in a free market, people tend to get paid their marginal revenue product. This is hilariously silly. How the hell do you even calculate marginal revenue product? And don't give me this "the employers will calculate it" garbage - even if the employers of a given...
    Posted to Economics Questions (Forum) by Buzz Killington on Tue, Mar 12 2013
  • Re: "Shorting stocks is immoral"

    christians used to and muslims still do believe that usury of any kind was immoral. it can be argued that shorting is particularly immoral as it profits on the failings of other real endeavours. it produces nothing useful but acts as a leech on development in a way that buying stocks in a straightforward...
    Posted to Economics Questions (Forum) by phrage on Fri, Nov 7 2008
  • Re: Labor Unions

    [quote user="Remnant"] So with the protective labour laws, the employer can choose not to pay if he prepared to go bust! Not much of a choice. The workers do not threaten to harm the employer? Not true, they are threatening to bankrupt him. What is more is that the striking workers do often...
    Posted to Economics Questions (Forum) by Torsten on Wed, Aug 6 2008
  • Re: Capitalism Misrepresented

    [quote user="Stranger"]The workers can walk away from their jobs at any time if their wages are unsatisfactory. They can do this because they have no capital invested in the enterprise tying them to it.[/quote] I was talking about workers not getting the agreed payment at all. They may have...
    Posted to Economics Questions (Forum) by Torsten on Wed, Aug 6 2008
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