The Minimum Wage and Praxeology
—–Original Message—– From: A Sent: Tue 5/2/2017 6:53 PM To: Walter Block Subject: Question about Austrian School economics Dear Walter, The contention of my current email is that the axioms of praxeology alone are not sufficient for us to make certain definitive conclusions that Austrian School economists make, such as that the minimum wage will necessarily lead to more unemployment. To demonstrate this, I will describe a scenario that is not precluded by the axioms, but under which a minimum wage law will not increase unemployment. Suppose all employers have the following fetish: “hiring people while staring at the congressional … Continue reading The Minimum Wage and Praxeology
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