1445: Bob Murphy: Discrimination in the Free Market

If an employer has an opening that pays $50,000 in salary, and the Christian applicant will bring in $51,000 in extra revenue to the firm while the Muslim applicant will bring in $55,000, then to discriminate against the creed of the latter will cost the employer $4,000 in potential profits. Discrimination is automatically “fined” in the free market. — Bob Murphy
Normal Quality (3840×2010 119 KB)
If an employer has an opening that pays $50,000 in salary, and the Christian applicant will bring in $51,000 in extra revenue to the firm while the Muslim applicant will bring in $55,000, then to discriminate against the creed of the latter will cost the employer $4,000 in potential profits. Discrimination is automatically “fined” in the free market. — Bob Murphy
Normal Quality (3840×3840 151 KB)
If an employer has an opening that pays $50,000 in salary, and the Christian applicant will bring in $51,000 in extra revenue to the firm while the Muslim applicant will bring in $55,000, then to discriminate against the creed of the latter will cost the employer $4,000 in potential profits. Discrimination is automatically “fined” in the free market. — Bob Murphy
If an employer has an opening that pays $50,000 in salary, and the Christian applicant will bring in $51,000 in extra revenue to the firm while the Muslim applicant will bring in $55,000, then to discriminate against the creed of the latter will cost the employer $4,000 in potential profits. Discrimination is automatically “fined” in the free market. — Bob Murphy

If an employer has an opening that pays $50,000 in salary, and the Christian applicant will bring in $51,000 in extra revenue to the firm while the Muslim applicant will bring in $55,000, then to discriminate against the creed of the latter will cost the employer $4,000 in potential profits. Discrimination is automatically “fined” in the free market. — Bob Murphy

1386: Thomas Sowell – Pay is Not a Reward for Merit

People born into families with every advantage of wealth, education, and social position may be able to achieve a high level of productivity without any great struggle that would indicate individual merit. Conversely, people who have had to struggle to overcome many disadvantages, in order to achieve even a modest level of productivity, may show great individual merit. But an economy is not a moral seminar authorized to hand out badges of merit to deserving people. An economy is a mechanism for generating the material wealth on which the standard of living of millions of people depend. Pay is not a retrospective reward for merit but an incentive for contributing to production. —Thomas Sowell
Normal Quality (3840×2010 142 KB)
People born into families with every advantage of wealth, education, and social position may be able to achieve a high level of productivity without any great struggle that would indicate individual merit. Conversely, people who have had to struggle to overcome many disadvantages, in order to achieve even a modest level of productivity, may show great individual merit. But an economy is not a moral seminar authorized to hand out badges of merit to deserving people. An economy is a mechanism for generating the material wealth on which the standard of living of millions of people depend. Pay is not a retrospective reward for merit but an incentive for contributing to production. —Thomas Sowell
Normal Quality (3073×3840 175 KB)
People born into families with every advantage of wealth, education, and social position may be able to achieve a high level of productivity without any great struggle that would indicate individual merit. Conversely, people who have had to struggle to overcome many disadvantages, in order to achieve even a modest level of productivity, may show great individual merit. But an economy is not a moral seminar authorized to hand out badges of merit to deserving people. An economy is a mechanism for generating the material wealth on which the standard of living of millions of people depend. Pay is not a retrospective reward for merit but an incentive for contributing to production. —Thomas Sowell
People born into families with every advantage of wealth, education, and social position may be able to achieve a high level of productivity without any great struggle that would indicate individual merit. Conversely, people who have had to struggle to overcome many disadvantages, in order to achieve even a modest level of productivity, may show great individual merit. But an economy is not a moral seminar authorized to hand out badges of merit to deserving people. An economy is a mechanism for generating the material wealth on which the standard of living of millions of people depend. Pay is not a retrospective reward for merit but an incentive for contributing to production. —Thomas Sowell

People born into families with every advantage of wealth, education, and social position may be able to achieve a high level of productivity without any great struggle that would indicate individual merit. Conversely, people who have had to struggle to overcome many disadvantages, in order to achieve even a modest level of productivity, may show great individual merit. But an economy is not a moral seminar authorized to hand out badges of merit to deserving people. An economy is a mechanism for generating the material wealth on which the standard of living of millions of people depend. Pay is not a retrospective reward for merit but an incentive for contributing to production. —Thomas Sowell

1244: Murray Rothbard – The State is an Illegitimate Institution

The State is an inherently illegitimate institution of organized aggression against the persons and properties of its subject. Rather than necessary to society… it lives parasitically off of the productive activities of private citizens. —Murray Rothbard
Normal Quality (1920×1005 292 KB)
The State is an inherently illegitimate institution of organized aggression against the persons and properties of its subject. Rather than necessary to society… it lives parasitically off of the productive activities of private citizens. —Murray Rothbard
Normal Quality (1920×1372 417 KB)
The State is an inherently illegitimate institution of organized aggression against the persons and properties of its subject. Rather than necessary to society… it lives parasitically off of the productive activities of private citizens. —Murray Rothbard
The State is an inherently illegitimate institution of organized aggression against the persons and properties of its subject. Rather than necessary to society… it lives parasitically off of the productive activities of private citizens. —Murray Rothbard

The State is an inherently illegitimate institution of organized aggression against the persons and properties of its subject. Rather than necessary to society… it lives parasitically off of the productive activities of private citizens. —Murray Rothbard