Search Full Text
Now showing items 1-2 of 2
A Dilemma for Libertarianism
Many libertarians make a moral argument that liberty requires the freedom to exercise strong property rights. From this, they argue that no more than a minimal state with sharply limited powers of taxation can be justified. ...
Problems with Wage Subsidies: Phelp's economic discipline and undisciplined economics
This paper discusses problems with wage subsidy proposals, specifically focusing on the proposal in Rewarding Work by Edmund Phelps. It shows that the book uses one price theory to argue that the whole benefit of a wage ...