Money Solves Everything

When did the market solve the racial discrimination problem?
Before legislation required it?
After required by law?
Is this a trick question?

What Economists Teach

manklakisha.gifMankiw

A Theory That doesn’t explain the world as found is called what?

Perhaps the question-explanation diad is focused better by substituting education for hair color. What is revealed in by your theory of everything (profit solves all problems). Would the lower wage firm replace the … etc…

On: Our Texas Of Discontent

“Men don’t get knocked out, or I mean they can fight back against big things. What kills them is erosion; they get nudged into failure. They get slowly scared. I’m scared. Long Island Lightning Company might turn off the lights. My wife needs clothes. My children – shoes and fun. And suppose they don’t get an education? And the monthly bills and the doctor and teeth and a tonsillectomy, and beyond that suppose I get sick and can’t sweep this goddam sidewalk? Course you don’t understand. It’s slow. It rots out your guts. I can’t think beyond next month’s payment on the refrigerator. I hate my job and I’m scared I’ll lose it. How could you understand that?” John Steinbeck, The Winter of Our Discontent, .