There is a notion, common in human history, that it is acceptable to force some people to labor for their sustenance alone, while others make use of the difference between the value of the forced laborers’ production and their sustenance. Reasons for justifying this involuntary servitude include national necessity, the fate of captives in war,… Continue reading Involuntary Servitude
Category: Economics
Retailing “Yankee Notions”
Every inhabited part of the United States is visited by these men. I have seen them on the peninsula of Cape Cod and in the Neighborhood of Lake Erie, distant from each other more than six hundred miles. They make their way to Detroit, four hundred miles farther, to Canada, to Kentucky, and, if I… Continue reading Retailing “Yankee Notions”
Havana Dreamin’
I wrote this 6 years ago, before President Trump more or less established the Status Quo Ante in US Cuba relations. This is a lightly revised piece from then. I knew Cuba in the old days before President Obama unleashed the second American invasion of that Caribbean island. This one was not a military one,… Continue reading Havana Dreamin’
A Story for Labour Day
In these days of ‘gig’ employment and lots of home delivery options, we may forget why there is a day dedicated to those who work for a living—that is, most of us. In the late 1800s, there was a lot of labour unrest, in part because of long hours, over-controlling bosses, low pay and dangerous… Continue reading A Story for Labour Day
A Big Renaissance
I want to talk about a book I just read, but first some reminiscing is in order. Fifty-seven years ago, in January 1964, I showed up at the Center for Research on Economic Development (CRED) at the University of Michigan. I had had a fairly mediocre academic record for two years as an undergraduate engineering… Continue reading A Big Renaissance
Old Professor by the Sea 