RECOMMENDED READING
At Law and Liberty, I took part in a symposium debating the libertarian scholar Richard Epstein’s comparison of labor unions to predatory monopolies, which he described as the “classical liberal” view. In my contribution, I pointed out that both Adam Smith and J.S. Mill, who were classical liberals by any definition, rejected the idea that wages were fixed by automatic market forces instead of what Smith called “higgling” or negotiation, and both Smith and Mill emphasized the inequality of bargaining power among employers and workers.
Recommended Reading
Fix the H-1B Visa Program
The H-1B visa program was designed to help American employers fill genuine skill gaps. It has instead become a routine channel for labor arbitrage at American workers’ expense.
Oren Cass joins The Weekly Show with Jon Stewart
As the stock market continues to break records, Jon is joined by Oren Cass, chief economist at American Compass, to examine how America’s economy was reengineered to serve shareholders instead Read more…
Trump’s Challenge to Free-Market Capitalism
Stakes in private companies. Handshake deals with chief executives. The president’s economic policy has drifted far from principles that long defined the Republican Party. Is it capitalism at all?
