Argument Quote by Jim Stanford

“This relationship is the foundation for the argument, made by some trade unionists and labour advocates, that high wages can actually be "good for business". The precedent set by Henry Ford in 1914, who offered workers $5.00 per day (a very high wage at the time) so they could afford to buy the same cars they made, is often invoked.”

Jim Stanford

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Argument Be good Business Car Foundation Henry Ford Labour Made Precedent Trade Trade union Wages Workers

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Indeed, if communist central planners could have organized the economy with as much detail, precision, and flexibility as a modern-day Toyota or Wal-Mart, communism…

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Apart from their work and production, households perform other important economic functions. Most CONSUMPTION occurs within the household. ... In developed capitalist economies, private…

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Economics is a social science, not a physical science.

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