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Archive of posts published in the tag: Murray Rothbard

Compulsory Unemployment

Feb. 19, 2013

From the Ludwig Von Mises Institute, Outlawing Jobs: The Minimum Wage, by Murray Rothbard: Excerpts: In truth, there is only one way to regard a minimum wage law: it is compulsory unemployment, period. The law says: it is illegal, and therefore

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Good and Bad Measurements of the Economy

Dec. 26, 2011

One potentially fruitful exercise has been to develop a new national income statistic that measures total spending in the economy, what (Murray) Rothbard called the Aggregate Production Structure. The purpose of this new national statistic, which I have dubbed Gross

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