Unexamined assumptions

posted by
June 1, 2011
Unqualified Offerings
by Thoreau  
Posted in Commentary

"To whatever extent I might be classified as falling in some region of the libertarian camp on economics, I’d say that the core idea of libertarian economics is a negative idea: Opposition to coercive interference in economic transactions between individuals. However, some 'free market' commentary is hostile to the notion that there’s a problem when wages go down for workers. Usually something is said about efficiency. It seems to me that this goes beyond simple opposition to coercive interference. It is an additional assumption. In examining that assumption, one might ask the following: Efficiency for whom?" (05/31/11)


Our Sponsors