The Public Has No Idea That The

Coming Up With A Good Idea, With An Insight Into The Way The World Works That Is Really New And That You Really Believe In, Is A Deeply Satisfying Experience.

In Short, What The Living Wage Is Really About Is Not Living Standards, Or Even Economics, But Morality. Its Advocates Are Basically Opposed To The Idea That Wages Are A Market Price-determined By Supply And Demand, The Same As The Price Of Apples Or Coal. And It Is For That Reason, Rather Than The Practical Details, That The Broader Political Movement Of Which The Demand For A Living Wage Is The Leading Edge Is Ultimately Doomed To Failure: For The Amorality Of The Market Economy Is Part Of Its Essence, And Cannot Be Legislated Away.

Sometimes Economists In Official Positions Give Bad Advice; Sometimes They Give Very, Very Bad Advice; And Sometimes They Work At The Oecd.

The Problem Isn't That People Don't Understand How Good Things Are. It's That They Know, From Personal Experience, That Things Really Aren't That Good.

Economics Is Not A Morality Play.