Economics

The Worker as Free Person

"In the market economy the worker sells his services as other people sell their commodities. The employer is not the employee’s lord. He is simply the buyer of services which he must purchase at their market price. Of course, like every other buyer an employer too can...

Labor as Commodity

For the individual actor, "as for everyone, other people’s labor as offered for sale on the market is nothing but a factor of production. Man deals with other people’s labor in the same way that he deals with all scarce material factors of production. He appraises it...

Right Diagnosis, Wrong Prescription

The populist Sanders-left (which is actually broader because it includes Tucker Carlson and others called rightists) is partly correct and partly incorrect about what happened to the Democrats last Tuesday. They say correctly that the Democrats failed because they...

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