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Economy
See other Economy Articles Title: Choosing to Remain in the Global Market Economy
Source:
AIER
URL Source: https://www.aier.org/article/choosi ... -in-the-global-market-economy/
Published: Jan 30, 2023
Author: Donald J. Boudreaux
Post Date: 2023-01-30 22:12:49 by Charles_Byrd
Keywords: None
Views: 61
In my recently published paper, “Should Trade’s ‘Losers’ Be Compensated?: An Exploration of the Welfare Economics of the Losses and Costs of Economic Change” (Journal of Law, Economics and Policy, 2022) I argue that the risk of job loss for each worker in an exchange economy such as ours is the price that he or she voluntarily pays in order to reap the enormous benefits available to each person who participates in this economy. This price is no different from any other price that is voluntarily paid in exchange for something of greater value. Click for Full Text! Post Comment Private Reply Ignore Thread
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