Reddit reviews Out of Poverty: Sweatshops In The Global Economy (Cambridge Studies in Economics, Choice, and Society)
We found 4 Reddit comments about Out of Poverty: Sweatshops In The Global Economy (Cambridge Studies in Economics, Choice, and Society). Here are the top ones, ranked by their Reddit score.
Exactly, people should read Out of Poverty: Sweatshops in the Global Economy to understand why developing countries need Sweatshops because they bring with them the proximate causes of economic development — capital, technology, and the opportunity to build human capital.
See Ben Powell's book about Sweatshops. Factories create wealth. There's no exploitation, it's mutually beneficial exchange.
Out of Poverty: Sweatshops In The Global Economy (Cambridge Studies in Economics, Choice, and Society) https://www.amazon.com/dp/1107688930/ref=cm_sw_r_cp_apa_i_w9zVDbHMEMQY1
Do I have to back up everything I say with at least 50 peer reviewed scientific articles? Most of what I said was not just opinions, they are economic facts.
•MTV->LTV
Marginal revolution was a straight and powerful response to LTV. If there's no intrinsic, objective values as suggested in LTV, how can you derive Marxist Surplus Value theoy? Your explotation theory is wrong because it's based on a falsified theory.
•Market Prices
Ludwig von Mises showed how we need market prices to rationally use resources. Although many economists such as Oskar Lange-Abba Lerner, Maurice Dobb, Paul Sweezy tried to show Mises was wrong, they couldn't success. For detailed discussions:
Collectivist Economic Planning-FA Hayek
Socialism and Entrepreneurship-JH De Soto
Rivalry and Central Planning-Don Lavoie
Socialism and International Economic Order-Elisabeth Tamedly
•Competition and entrepreneurship
http://www.ucl.ac.uk/~uctp39a/ABBGH_QJE_2005.pdf
Paul Romer on Innovation and Economic Growth
For the entrepreneurship parts Israel Kirzner is excellent.
•Regulations
It should be obvious. Higher entry barriers harm competition and thus benefit big capitalists. Also there's a regulatory capture phenomenon.
•Freedom
You don't want bosses, we say in society there can be bosses and it's totally OK. So if there are bosses one should be able to choose his own boss. This is also freedom.
•Global Capitalism
This one is also obvious, most of the economists say international trade is good for the poor. If you want to read emprical data, Jagdish Bhagwati's In Defense of Globalization is perfect. Also Out of Poverty by Benjamin Powell is yet another important book. If you wonder what went wrong in third world countries I suggest Tyranny of Experts by William Easterly.
•Income Mobility
Do I have to explain even this concept?
•Leftist exclusivism and mumbo jumbo
Did you ever read any book from the New Left? I mean, did you read Deleuze, Badiou, Baudrillard etc? Libertiarians use economic and sociological concept with clarity. Even if we exclude Post-Marxist left, you still have fancy words like "proleteriat" or "socially necessary labour hour" or all this Marxist/leftist terminology. And yet we libertarians are who love "buzzwords" Are you fucking kidding me?
http://mises.org/library/sweatshops-way-out-poverty this.
http://www.amazon.com/Out-Poverty-Sweatshops-Cambridge-Economics/dp/1107688930