Minimum Wage Laws and Unemployment

Let’s say we have a medicinal drug that will raise the pay of all low-income workers. If this cure for lower wages is successful, money will pour into the pockets of thousands of needy people! This could make their lives better boost the entire economy. The question is, how legitimate is this cure? Does it … Continue reading Minimum Wage Laws and Unemployment

Advertisements

The French Materialists & Adam Smith

French materialists The French materialists believed that there is only matter, and believed that there is no spiritual element in the universe. They also concluded that man was like a machine, and that man is thus not morally responsible for their actions. They also concluded that man should aim to maximize pleasure. Adam Smith In … Continue reading The French Materialists & Adam Smith