The Sharing Economy Was Dead on Arrival

“In their early stages, these startups promised that their services would heal a society ravaged by out-of-control consumerism, restore authentic communal bonds, reduce carbon emissions and other environmental impacts, and finally replace the outmoded hierarchies of corporate life with new, networked economic structures where everyone could be their own boss. But the good intentions of yesteryear soon evaporated to reveal a markedly different reality. […] Why didn’t we see it coming? How did sharing economy companies manage to evade scrutiny for so long? Answering that question requires tracing the origins of the idea of the sharing economy.”

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How Much Is an Hour Worth? The War over the Minimum Wage

To dictate how much a company must pay its workers is to tinker with the beating heart of the employer-employee relationship, a central component of life under capitalism. This is why the dispute over these laws and their effects – which has raged for decades – is so acrimonious: it is ultimately a clash between competing visions of politics and economics.

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Free Trade from a Relational Perspective: Opportunities and Threats

The case for free trade is often based on the view that man is a rational and individualistic homo economicus. This article analyzes free trade from a broader, relational picture of mankind. After introducing this view, we discuss the blessings of free trade from this relational perspective. Next we explore three developments that put international trade under pressure. We investigate a number of policy options to prevent free trade from impairing interpersonal relationships.

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The Case for Free-Market Anticapitalism

“the champions of markets and enterprise need […] to distinguish between free markets serving consumers, on the one hand, and crony capitalism addicted to corporate welfare on the other, because it is the corporatism that people dislike, but it leads them to distrust free markets because they do not perceive the difference.”

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Not Quite Rational Man; A new Paradigm in Economics Recognizes the Complexity in Human Behavior

“For more than a century, neoclassical theory dominated economic thinking. [It is] based on three key assumptions: individuals have rational preferences; individuals maximize utility, while firms maximize profits; and people choose independently, based on available information. As with any widely adopted theory, neoclassical economics has huge merits, but it also suffers from important shortcomings.”

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Just Giving and Just Taking: An Aristotelian Approach to Modern Problems of Inequality, Insatiety and Consumerism

In a capitalist economy – maybe in any economy – the creation, measurement, storage and exchange of material wealth are the drivers of economic activity and much else besides. I argue that Aristotle’s ideas about justice and what it means to act justly in relation to the acquisition and disposal of wealth can be reinterpreted in ways that are practically useful.

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