The market tends to pay as a wage what an individual laborer is worth. But the case last studied suggests the question how accurately the law operates in practice. May it not be an honest law, but be so vitiated in its working as to give a dishonest ...
In a recent decision of the Supreme Court, not made, however, by the full court, and concurred in by only four justices, it was held that the seller of a patented mimeograph could bind the purchaser to use only his ink in the machine, though the ink ...
I have been to the Occupied Palestinian Territory, and I have witnessed the racially segregated roads and housing that reminded me so much of the conditions we experienced in South Africa under the racist system of Apartheid.
It may be a procession of faithful failures that enriches the soil of godly success. Faithful actions are not religious acts. They are not even necessary actions undertaken by people of faith. Faithful actions, whether they are marked by success or t...
I got this tiger head ring that's similar to a Cartier ring. I had my jeweler Sean from Detroit make it similar to the Cartier ring, but gold and diamonded-out. That's my Detroit tiger. It's made with two different golds - the bottom is yellow and th...
It doesn't matter much where your company sits in its industry ecosystem, nor how vertically or horizontally integrated it is - what matters is its relative 'share of customer value' in the final product or solution, and its cost of producing that va...
During the ten years I lived in the U.K., I frequently attended an Anglican church just outside of London. I enjoyed the energetic singing and the thoughtful homilies. And yet, I found it easy to be a pew warmer, a consumer, a back row critic.
The Chicago Economics Department was in intellectual ferment, although the central issues of the 1930's were very different from those in later times. I had never before encountered minds of that quality at close quarters and they influenced me stron...
Why do tax havens exist? Because rich countries allow them to. If the U.S. came down on tax havens in the same way they come down on countries that trade with Iran and Cuba, we'd have no tax havens in the world.
Free market economists frequently see minimum wage legislation as mere political intervention. However, there are decent economic theories which show that, under certain circumstances, minimum wages can be beneficial, as it makes workers more product...
Margaret had close links with Geneva where she had spent some years as a student while her parents had been wardens of the Quaker Hostel there and where she had gone back as secretary to Gilbert Murray.
My biggest hero when I was a kid was Will Smith. I used to watch 'Fresh Prince,' and I was a huge fan of his albums. I bought all of his albums when I was a kid. Now, he is the biggest movie star in the world.
We, being the Western world, wouldn't let Russia off the hook on debt. So there were demands on debt servicing in the early days until they ran out of reserves. There was no real aid program, just a fictional aid program.
Unemployment is 'involuntary' when the price is above its market clearing level. Workers are unemployed because jobs are not available at the prevailing wages, period. The only recourse is to either expand the number of jobs or somehow lower the wage...
The assumption that Washington could and would resolve Lehman Brothers without a bankruptcy, as it had Bear Stearns, was the single biggest mistake in the series of mistakes in 2007 and 2008 that led to the financial panic and the ensuing epidemic of...
Conservatives may worship Adam Smith's 'invisible hand,' but for Obama, the helping hand comes in large measure from the public, not the private sector. To call this 'socialism' is to do violence to the word and to the concept. To call it 'un-America...
I remember sitting there on my father's couch or my mother's couch, listening to this lecture about how there were two groups and we had to be separated. We've come a long way from this kind of open racism. And I think it's wonderful.
I think race is very important. I think generally speaking, we've to face the general problem, which is that we are seeing more children coming out of families which simply don't give them adequate resources for their development.
By the time I started high school, I knew I wanted to be a writer. After graduating from Smith College in Massachusetts, I moved to New York City and worked for the advertising agency J. Walter Thompson.
What is driving the tendency to discount Joseph Smith's revelations is not that they seem less reasonable than those of Moses; it is that the book containing them is so new. When it comes to prophecy, antiquity breeds authenticity. Events in the dist...
John Smith: What a piece of work is man. And there is no good or bad, but thinking makes it so. Human beings are perhaps never more dangerous than when they are convinced beyond a doubt that they are right. Patience. Penance.
