Microeconomics

What About Off-shoring?

November 17, 2010
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Off-shoring is not a black and white issue. It's neither categorically wrong, nor categorically acceptable. In its purest form, off-shoring is simply the international division of labor, and although I prefer to think of things not in terms of nations and borders, the concept of divided labor really is morally neutral:

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In a Free Market, Who Will Build the Parking Lots?

October 12, 2010
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In a Free Market, Who Will Build the Parking Lots?

If parking were nominally "free", it would be even more difficult to find a parking spot. Right now, parking is inexpensive, at fifty cents per hour during normal business hours and it's still very difficult to find a parking spot. This is the number 2 reason why I don't visit Royal Oak. The number 1 reason is a preponderance of douchebags.

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All Costs are Opportunity Costs

August 16, 2010
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You don't pay someone for the job they did; you aren't paying someone because they did something toilsome. Rather you pay for the job you don't have to do.

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