Our Econlife roundup for the week 7.14.14 An island without traffic lights displays the benefits of Adam Smith’s laissez-faire…more 7.15.14 Why David Ricardo would approve of where your sneakers were made…more 7.16.14 John Maynard Keynes could say why you’ll get less Social…
A child prodigy, 19th century economist John Stuart Mill said in his Autobiography that, “I have no remembrance of the time when I began Greek; I have been told that it was when I was three years old. My earliest…
I wonder if we should be concerned. Lecture 32 of “Thinking About Capitalism” from the Teaching Company looks at John Stuart Mill (1806-1873), James M. Buchanan (1919- ), and Mancur Olson (1932-1998). Concerned with the impact of democracy on capitalism,…
Yesterday, President Obama briefly said that some salaries on Wall Street were more than anyone should earn. Approximately 160 years ago, John Stuart Mill responded by saying that he wanted to encourage work. Consequently, instead of limiting salaries through a…
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