Is Elizabeth Bruenig even a socialist?

‘Sailing into the Trollfjord’ by Grant from Oslo, Norway CC BY-SA 2.0 Elizabeth Bruenig, columnist for the Washington Post, yesterday published an opinion piece entitled, ‘Let’s have a good-faith argument about socialism’ responding to some critics of her earlier piece, ‘It’s time to give socialism a try’. Continue Reading...

Employers should fulfill their obligations to tipped employees

A tipped employee engages in an occupation in which they customarily and regularly receives more than $30 per month in tips, according to the Department of Labor. An employer of a tipped employee is only required to pay $2.13 per hour in direct wages if that amount combined with the tips received at least equals the federal minimum wage. Continue Reading...

Give socialism a try? Let’s not.

“Yeah, well, you know, that’s just, like, your opinion, man” – Jeffrey “The Dude” Lebowski played by Jeff Bridges. ‘Jeff Bridges speaking at the 2017 San Diego Comic-Con International in San Diego, California’ by Gage Skidmore CC BY-SA 3.0 Elizabeth Bruenig, columnist for the Washington Post, yesterday published an opinion piece entitled, ‘It’s time to give socialism a try’. Continue Reading...

Misreading capitalism

‘A statue of Adam Smith on Edinburgh’s Royal Mile’ by Zenit CC BY-SA 3.0 At this year’s LibertyCon Byran Caplan, Economist at George Mason University, and Elizabeth Bruenig, columnist for the Washington Post, debated the perennial question of ‘Socialism vs. Continue Reading...

New research finds connection between increases in religiosity and increases in income

For centuries economists and other social scientists have noticed that religiosity is associated with a set of characteristics that promote economic success. (A prime example is Max Weber’s theory about the Protestant work ethic.) Yet finding empirical evidence for the connection has been challenging because of the difficulty in determining whether religious influence affects economic behavior or if the traits for economic success lead people to be more religious. Continue Reading...

Are we entering an apprenticeship renaissance?

Due to a range of cultural pressures and government incentives, the four-year college degree has become somewhat of a rite of passage in economic life. From the prompts of parents and teachers to the prods of student-loan subsidies, we are routinely encouraged to double down on a cookie-cutter approach to higher education. Continue Reading...

How entrepreneurship transforms a village

As we were walking down the street of a small village within Barahona in the Dominican Republic, we met a woman living in a humble home with her family. She had constructed a metal box out of scraps found discarded near her village, Algodon. Continue Reading...