This book develops a novel approach to distributive justice by building a theory based on a concept of desert. As a work of applied political theory, it presents a simple but powerful theoretical argument and a detailed proposal to eliminate …
Every single working day of the year, American women pay a 22.6 percent gender tax on their income. By gender tax, I mean a negative transfer imposed upon women’s wages which reduces the wealth they control and increases the amount of time they …
A recent news piece, “The rising cost of education and health care is less troubling than believed”, reacts to Helland and Tabarrok’s short book just released by the Mercatus Center titled, _Why are the Prices so D*mn High_? Helland and Tabarrok say the answer is almost entirely the Baumol effect—i.e., that uneven productivity gains lead to inverse increases in unit price.
In 1826 the average hourly wage for a production worker was $1.