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Tuesday, February 22, 2011

Rothbard

Again, as a neoclassical economist, Rothbard did not agree with the labor theory. He believed that prices of goods and services are proportional to marginal utility rather than to labor amounts in free market. And he did not think that there was anything exploitative about people receiving an income according to how much others subjectively value their labor or what that labor produces, even if it means people laboring the same amount receive different incomes.

Friday, February 18, 2011

Jobs, Jobs, Jobs.

Can someone tell Jacob Zuma that there is no such thing a unemployment in a Free Market. If hoe does not know how this works he (or anybody else for that matter can send me an email - charlheydenrych@yahoo.com and then I'll explain to them how it works.