Sunday, August 28, 2011

Good for society: Child labor, ticket scalping, price gouging, kidney selling, blackmail

We grow up learning that some things are just bad
writes John Stossel:
child labor, ticket scalping, price gouging, kidney selling, blackmail, etc. But maybe they're not.

What I love about economics is that it can show that what seems harmful is actually good for society. It illuminates what common sense overlooks.

This is all covered in the eye-opening book Defending the Undefendable by economist Walter Block. …

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