Tags » Adam Smith

Ball State University’s Big Year in Economics

As the summer winds down, students old and new begin fluttering back to Ball State University for the fall semester. Many professors and students are beginning to assimilate back into the academic grind. 442 more words

Economics

Labor Day 2014 for reflection, celebration

“The labor movement was the principal force that transformed misery and despair into hope and progress.”

Martin Luther King, Jr., in his speech to the state convention of the Illinois AFL-CIO, Oct. 46 more words

Change Of Venue

Productivity & Private Property

Adam Smith, in The Wealth of Nations B.1, Ch. II, looks at trade, as the propensity in humans which leads to specialization and an increase in the division of labor, which is in turn, in his opinion, the main driver of increases in productivity. 728 more words

Distribution Of Goods

Business shoots itself in the wages foot

The opening salvoes have again been fired in another round in the war about a national minimum wage. And on both sides there are accusations of the selective choice of research to bolster arguments. 691 more words

Inside Labour Column

The Makings of a Democratic Socialist

For all of our ideological agreements, my fellow blogger and I do differ to an extent. I personally identify my political leanings as roughly Democratic Socialist… 590 more words

Ibn Khaldun on Taxes and Society

400 years before Adam Smith and 600 years before Milton Friedman and F.A. Hayek, Ibn Khaldun (1332 – 1406) had some interesting things to say about the appropriate level of taxation needed in order for societies to prosper. 565 more words

Politics

Law Abiding Citizen Day

Our Little Red Dot (“Singapore”) is a FINE city!

Two meanings:-

FINE as in truly lovely and things are fine city. Things work, infrastructure works, government is sound and people are complainative :-) 435 more words

Humor