Beclouding the Minimum Wage.

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  • Author(s): Johnson, Alvin S.
  • Source:
    New Republic. 7/22/16, Vol. 7 Issue 90, p296-299. 4p.
  • Additional Information
    • Subject Terms:
      ECONOMICS; MINIMUM wage; ECONOMIC competition; WAGES; PRICES; WHOLESALE trade; COMMERCE
    • Abstract:
      Comments on the case of economic theory against the minimum wage presented by Professor Taussig in the "Quarterly Journal of Economics." Description of Taussig's illumination of economic theory; Acceptance of the hypothesis of perfect competition which have been proved useful in the handling of many economic problems especially those relating to currency and to wholesale prices.