Richard Epstein on the Living Wage

by Pejman Yousefzadeh on January 3, 2012

As always, Epstein is a must-read, and his latest shows that while the living wage sounds laudable in theory, it actually works really badly in practice.

As a general matter, the study of economics, and the implementation of economic policy will improve quite substantially once people realize that good intentions in policymaking are not enough.

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