by Sandwichman Zero-Sum Foolery 4 of 4: Wage Prisoner’s Dilemma Soon after the wages-fund doctrine fell out of favor with economists, it was immediately attributed to trade unionists under the…

…costs). Notably, both have become tiny as prices stamped on products have been replaced by bar codes and one label giving a price per item or unit price. Converting instruments…

…think this rule was established by Congress (as interpreted by the FDA). It is absolutely not the rule in general. It is not the rule governing off label prescription. It…

I was a vehement advocate of prescribing hydroxychloroquine (HCQ) off label while waiting for the results of clinical trials. I wasn’t all that much embarrassed to agree with Donald Trump…

Labor as a Common Pool Resource The everyday experience of working people, economic policies of governments, bargaining priorities of trade unions, and theoretical models of economists refute the idealistic maxim…

…we usually identify Karl Marx as being a classical economist, but then he was also a revolutionary. However, modern neoclassical economists use this “classical” label to dismiss him as out…

…we detail those mechanisms, though, we need to tackle the wrong answer, one that economists, economics textbooks, pundits, and everyday people constantly fall back on, somewhat unthinkingly: saving. The (non-)paradox…

…perhaps more accurately a small-government classical liberal of the Hayekian sort, which is how I would label the views he espouses here).  He has also closely associated himself with libertarian…

…a new method of delivering lethal violence to achieve its aims: broad, unilateral economic sanctions. A study published by the Lancet Global Health medical journal, which I coauthored with economists Francisco Rodríguez and Silvio…