Recent content by dimpy.handa

It is quite common for workers to be outraged at the apparent injustice of their wage levels in comparison to salaried management, especially at the executive level. Some will even go so far as to claim that managerial, executive, corporate greed is the reason layoffs occur and wage rates are...

It is a common misconception that the workability of a totally free market economy assumes that human beings are for the most part rational. This assumption has been advocated by the mainstream economic schools, and therefore is assumed by many to be the premise from which free market advocates...

One of the great mysteries for both the Classical as well as modern economists was how mercantilism was able to persist for centuries. The driving force behind all mercantile policy was the premise that the wealth of a nation was measured by the amount of gold and silver in the coffers. The...

Mercantilism is an economic system driven by the needs of the producer. That means it is the producer who determines what is to be produced and how much of it. It is dependent on a sympathetic government to provide protection to the producer under the guise that it is in the best interest of the...

Economists like to categorize economic functions, with those categories varying somewhat between different schools and during different time periods. There are in reality only two and we all fulfill both rolls: Consumers and Entrepreneurs. The Austrians were the first to recognize this, but...

We know a priori that if a successful completion of an exchange relies on force or the threat of force, that exchange is neither voluntary, nor is it viewed as beneficial by at least one of the participants in that exchange. If it were viewed as beneficial by all parties involved, then coersion...

Has anyone really figured out who started this hidden fee stuff when you purchase services? The cellphone companies used to be notorious for them. And, well, maybe they still are. Check this out comcast will charge you (like others have picked up on in the past year) for requesting a service...

Sears Chairman Edward Lampart in his annual shareholder letter has demonstrated that not all large corporations yield to the allure of Corporatism. Rather than running to the government with a tin cup in his hand like so many of his counter-parts are so prone to do, Lampart is taking a stand...

By government manipulation of the money supply through credit expansion and excessive issue of fiduciary media, favored industries are able to access money at interest rates lower than the market would ordinarily bear, but because the inflationary effects have not yet been realized by the...

In any market, whether it is the bond market, the commodities market, the houseing market, the labor market, or the super market, the voluntary exchange between two individuals requires that each participant value the good, service, or medium of exchange of their trading partner higher than the...

according to the experts. Obama has made it clear he is going to spend big bucks with his stimulus package. I am guessing we are talking at least a trillion here on top of an already huge deficit fron the Bush admin and the experts come back with a "don't worry". Anyone else think we need knew...

Section 10. No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the...

Sociologists study society as a 'social science' however the status of sociology as a science is easily questionable when compared to how acknowledged scientists study the natural world. In order to determine whether or not sociology can be accepted as a true science it is useful to make...

I use Google Alerts to receive links to material I'm interested in. Currently, one such interest is Simon Baron-Cohen's new book "Zero Degrees of Empathy." Yesterday, a batch of links arrived, one to thAutcast.com, "A Blogazine for the Aspergers and Autism Community." Baron-Cohen's no leading...