There is a great cognitive dissonance between what is commonly taught in economics and what passes for sound public policy analysis within the beltway of Washington D.C. Nowhere is a more stark example of this to be found than in the case of the minimum wage law. Many students know that a...

Labor is the most important of the three traditional factors of production (land, labor and capital), accounting for some 75% of the GDP. It is therefore important to focus on issues of labor economics. In this book the approach taken will be that of the free market philosophy of libertarianism,...

Key Features:Written from a strict free enterprise point of view like virtually no other books in the area of labor economicsTakes a pro-alienability position on labor; that is, it defends the thesis that, as long as it is voluntary, all labor may be rented out by its owner, and, even, sold, as...