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Of course, most employers don't even know what MP is, this is strictly a microeconomic assumption for the sake of theoretical analysis. In reality, wages are based on several factors, varying with different sectors and so on. The minimum wage in the US, as I understand it, basically has no real effect (except in rare cases) on wages since natural
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Oh yea, feminism is the new thing! There's currently an investigation going on in Sweden, that will lead to a proposal of a new constitution (last one was ratified in 1974, we don't quite have the American constitutional tradition over here), and they're seriously considering a feminist perspective to it... uhm.
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It's alright. I'm reading it online sometimes, it's mostly an easy read, quite informative. But what's this - "although I don't agree with every point made." - about? I mean, I read all kinds of mags and so on, libertarian, conservative, left-leaning, or whatever. They all have their good's and bad's, as long as
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I'm quoting a blog on the current debate regarding the Ron Paul newsletters: "When it comes to Ron Paul´s old newsletters , there is a growing consensus that they were indeed written by somebody else. So Paul is not guilty of writing these ugly things, but of letting someone do it in his name for such a long time, which is bad enough. Most
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That's a Mises quote. Can be found in the first part of Human Action ;)
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To me, it seems that a huge problem for liberals/libertarians is that they do hold correct values, but are unable to communicate them to non-liberals, who with the right arguments and a systematic line of reasoning could easily be "converted". Several years ago, when I held no particular political/philosophical point of view, but found myself
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[quote user="Yan Grenier"]I do not debate with a socialist to change his mind: you can't do it.[/quote] It was done to Hayek, Robbins, and Popper, for instance. Of course, some socialists are very stubborn, ignoring all logical (often empirical too - "the world is becoming poorer and poorer!") facts, but most people are reasonable
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Of course, there are many roots and you could trace it back even down to the Greeks etc. I just pointed out that the tradition was greatly refined by these British thinkers (and of course others too) - they bridged the gap between previous thinkers and the modern, more sophisticated, era. And I wanted to make the man, who's from the UK, aware of
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There are strong foundations for libertarianism in Europe. Over here we usually call it liberalism though (damn you Americans for distoring the language ) The modern liberal tradition was in a sense developed in Britain (Mill, Locke, Hume, Smith etc), and is still visible today - Margaret Thatcher, for instance, admired Freidrich Hayek. A famous incident
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We can have not idea of the specifics of what the world would look like today had the governments of the world not expanded like they did during the previous one hundred years, but generally speaking, if the 20th century instead were one of small-government - we'd most likely be better off today. (Not saying that it's that bad, but it can always