Economics: Minimum Wage, Who Gets Hurt?

[DBTrek]

I strongly suggest a real economics textbook.

>zing<

• Sowell has taught economics at Howard University, Rutgers, Cornell, Brandeis University, Amherst College, and UCLA. Since 1980 he has been a Senior Fellow of the Hoover Institution at Stanford University, where he holds a fellowship named after Rose and Milton Friedman, his mentor.
  
  https://en.m.wikipedia.org/wiki/Thomas_Sowell

/shrug

[Speaker to Animals]

He's not giving you a balanced view of economics. Actual economics, the stuff you learn in a college class with a real textbook, is boring, middle of the road material that plays to nobody's particular narrative.

Like your example of price gouging. He misled you with sophistry by creating this unrealistic scenario in your mind that framed price gouging as an antidote to scarcity. But in reality it creates artificial scarcity, and real scarcity is hardly a precondition to make price gouging possible. It was pure sophistry to set you up with that little scenario so you don't notice what is actually going on most of the time with price gouging.

[Fife]

I strongly suggest a real economics textbook.

>zing<

What are your favorite "real" economics textbooks? I'd love to discuss them with you. (you too, StA)

Are they full semi automatic, or just plain old assault economics textbooks?

If you pixies are going to appeal to authority, fine. Is it OK for me to ask you at least name the authority to which you appeal as your ersatz argument?

[Speaker to Animals]

The kind you are assigned in macreconomics 101.

[Fife]

The kind you are assigned in macreconomics 101.

Actually, it's ECON201, but which were the ones you were assigned? Or which are the ones you've read; or are even familiar with? I'd love to discuss them with you and our suddenly well-read in ordinary macro shrink.

[Speaker to Animals]

I don't own it now. Any standard textbook should be fine. The last few weeks, though, was a Cuban textbook from the perspective of Marxism. That's what the professors do: get through the primary textbook and then assign the political book that matches what side of the toast they like to butter.

[Fife]

I don't own it now. Any standard textbook should be fine. The last few weeks, though, was a Cuban textbook from the perspective of Marxism. That's what the professors do: get through the primary textbook and then assign the political book that matches what side of the toast they like to butter.

Dude, you're ready to accept "any standard textbook" against a ultra-moderate like Sowell? Sowell is *standard*, at least under the normally accepted rules of logic and mainstream American economic thought, for most of our history. For an economist who started life broke as black kid in Harlem, Sowell is about as white-bread as it comes. No slight of hand, no tricks.

Or, OK, whatever, don't fight against your programming, I guess. Even though you don't own the coding from your old textbooks now, it appears to have had the intended effect.

[Speaker to Animals]

I don't own it now. Any standard textbook should be fine. The last few weeks, though, was a Cuban textbook from the perspective of Marxism. That's what the professors do: get through the primary textbook and then assign the political book that matches what side of the toast they like to butter.

Dude, you're ready to accept "any standard textbook" against a ultra-moderate like Sowell? Sowell is *standard*, at least under the normally accepted rules of logic and mainstream American economic thought, for most of our history. For an economist who started life broke as black kid in Harlem, Sowell is about as white-bread as it comes. No slight of hand, no tricks.

Or, OK, whatever, don't fight against your programming, I guess. Even though you don't own the coding from your old textbooks now, it appears to have had the intended effect.

Negative.

I am ready to accept any actual macroeconomics textbook. Go to the UT website. Look up Macroecon 201 or whatever it is called there to get the course number. Go to the website for their college bookstore, and jot down the textbook title.

[Fife]

I don't own it now. Any standard textbook should be fine. The last few weeks, though, was a Cuban textbook from the perspective of Marxism. That's what the professors do: get through the primary textbook and then assign the political book that matches what side of the toast they like to butter.

Dude, you're ready to accept "any standard textbook" against a ultra-moderate like Sowell? Sowell is *standard*, at least under the normally accepted rules of logic and mainstream American economic thought, for most of our history. For an economist who started life broke as black kid in Harlem, Sowell is about as white-bread as it comes. No slight of hand, no tricks.

Or, OK, whatever, don't fight against your programming, I guess. Even though you don't own the coding from your old textbooks now, it appears to have had the intended effect.

Negative.

I am ready to accept any actual macroeconomics textbook. Go to the UT website. Look up Macroecon 201 or whatever it is called there to get the course number. Go to the website for their college bookstore, and jot down the textbook title.

So, your appeal to authority starts and stops at 2018 undergrad required reading?

Not much of an authority, IMNSHO, but OK.

I'm glad I got my kid steered into real STEM early on. Math doesn't do politics, yet.

[Speaker to Animals]

It's not an appeal to authority. We both know nobody can suggest this partisan crap as a legitimate macroeconomics textbook with a straight face (for now).