Articles & Blogs, Category = Long read articles

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.”

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.

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.

How the Humble Potato Fuelled the Rise of Liberal Capitalism

“It is no coincidence that this faith in a wonderful confluence of individual choice and public good emerged at exactly the moment the tenets of modern classical economics were being developed. As Adam Smith famously argued, a well-functioning economy was the result of everyone being allowed to pursue their own self-interest.”

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