Economics and politics - comment and analysis

A $50 wage increase for every Chinese – or how trade unions fail the workers

No further proof is required any longer: the trade unions do not understand the reason why it is necessary to raise wages. If they would, they would not fall and spread baseless neoclassical claims.
Unfortunately, I must once again sharpen my polemic of last week’s ‘survival’ of workers (see here): today, …

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Palestine, or how the market fails without a state

Palestine is economically extremely dependent on Israel. Reducing this dependency must be the ultimate goal of the political effort to implement a two-state solution. However, in order for the Palestinian government to use its political power for the good, it is essential to understand the proper role of the state in the development process. …

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