"But labor economists have long questioned this view. Soylent Green -- I mean, the labor force -- is people. And because workers are people, wages are not, in fact, like the price of butter, and how much workers are paid depends as much on social forces and political power as it does on simple supply and demand."
Over at The Intercept, Peter Maass complains that the plea deal for David Petraeus is “yet another example of a senior official treated leniently for the sorts of violations that lower-level officials are punished severely for.”
Following a few of links in Bryan Caplan's latest post, I came across this book (zero-price as a pdf) edited by Walter Block. Titled I Chose Liberty, it's a series of essays on how various libertarians or close-to libertarians came to their views.
Stanford economist Caroline Hoxby said that one benefit of the last recession was that students were more likely to enroll in college – despite rising costs. In fact, college-going has increased in every recession since the 1960s, she said.
Stanford Iran expert Abbas Milani says Iranian leadership is split over making a nuclear deal, while the United States may face stiff opposition from Congress before an end-of-March deadline for an outline of an agreement.
A two-term Republican assemblyman who has sought to broaden the appeal of the party with Hispanics launched an uphill campaign Thursday to become the next U.S. senator from California, a state that hasn’t elected a GOP senator since the 1980s.
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