Doncha Hate It When That Happens
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Archive for January 12th, 2004
You are currently browsing the Dowbrigade weblog archives for the day Monday, January 12th, 2004.
Clark: Where’s My Wampum Belt?
A gray and slushy Monday morning, as an intermittent spit of leftover snow
drifts from the sky to join the light coating on the ground. The
last free Monday of our blessed break between semesters - the perfect opportunity
[...]
The Iron Law of Wages
William Pfaff has an interesting take on the work of 18th century economist
David Ricardo. Ricardo argues that in a true open market, wages will
tend to stabilize at subsistence level; any lower and workers will start
[...]