Morality, it could be argued, represents the way that people would like the world to work-whereas economics represents how it actually does work. (查看原文)
These budding drug lords bumped up aginst an immutable law of labor: when there are a lot of people willing and able to do a job, that job generally doesn't pay well. This is one of four meaningful factors that determine a wage.The others are the specialised skills a job requires, the unpleasantness of a job,and the demand for services that the job fulfils.
The rules of a tournament are straightforward. You must start at the bottom to had a shot at the top...In order to advance in the tournament, you must prove yourself not merely above average but spectacular. (查看原文)
To discover that abortion was one of the greatest crime-lowering factos in American history is, needless to say, jarring. It feels less Darwinian than Swiftian; it calls to mind a long-ago dart attributed to G.K. Chesterton: when there aren't enough hats to go around, the problem isn't solved by lopping off some heads. The crime drop was, in the language of economists, an " unintended benefit" of legalized abortion. But one need not opoose abortion on moral or religious grounds to feel shaken by the notion of a private sadness being converted into a public good. (查看原文)
