But unfortunately, I disagree that the labor theory of value is. I wish that it were. It is, fundamentally, what the argument in Wisconsin (and really, the nation at large) is about. Isn’t, after all, one of the claims of the union workers that they deserve what they get because they work hard?
Category Archives: Economics
Unions, Wages And Productivity
Some useful thoughts from Walter Russell Mead. It’s always interesting to note that, contra popular myth, the manufacturing sector is quite strong, just as agriculture is. They just don’t employ as many people as they used to. In both cases, this is a good thing.
Balance Of State Trade
So, Illinois is sitting pretty. It’s chasing out all of those annoying whiny greedy businesses to Wisconsin and Indiana, due to its rapacious tax and spending policies, but that’s not the best part. It’s now importing cowardly and corrupt Democrat politicians from both those states, on the off chance that its home-grown supply runs dry. It’s a win-win!
I disagree, though, that this is the right Monty Python reference. It’s this one.
A Call For Papers
Sort of. I’ve set up a new section of Competitive Space for HSF myth busting, but I haven’t had time to flesh out the pages, so I’m calling for suggestions, or drafts, that can be improved over time. Ideally, it would be as a wiki, but I don’t have time to figure out how to set one up right now. Instead, I’ll incorporate comments into the pages as they come in. Credit will be provided to contributors.
[Update on Wednesday morning]
For those wondering about the 404, I’ve taken the page down, because it wasn’t getting enough input to clean things up. I’ll just have to work on it myself and then inaugurate it again.
Launch-System Reusability
…and the ongoing policy insanity of completely ignoring the issue. A good essay by Stewart Money.
[Cross-posted at Competitive Space]
The Religion Of High-Speed Rail
Joel Kotkin follows up on Robert Samuelson. When will these religious fanatics understand that this makes no economic sense? Well, if this Congress doesn’t pull the plug on this lunacy, the next one (in even more dire financial straits) surely will.
Collective Bargaining In The Public Sector
The case against it.
The Wisconsin Protests
…and the new medical ethics.
How Bad A Shape Is The Music Industry In?
I’m having trouble working up much angst about this. But then, I’ve never been a fan of Big Music.
People will continue to make music, and sell it. But they’ll have to rely more on talent than hype, and few will get as unreasonably rich as they did in the past on it. More will be doing it because they want to make music. And the general collectivist inclination of political contributions of the industry and individual “artists” (to use the term loosely in many cases)) is just a bonus.
That Missing Post From Yesterday
…returns this morning, over at Pajamas Media — what is the right analogy for the battle of Madison?
Note that I’ve added in the comments here that slipped in to the other post before I unpublished it yesterday.
[Afternoon update]
Yes, I got the sequence of Jutland and Lusitania confused. Mea culpa.