Defending the Judeo-Christian Ethic, Limited Government, & the American Constitution
Thursday December 18th 2014



‘Sandy Ikeda’

Wages and the Free Market, Part 1

Wages and the Free Market, Part 1

Dispelling labor market myths with theory and data SANDY IKEDA, THE FREEMAN If you have a superficial understanding of modern economics, the following argument sounds plausible: In the free market, employers have an incentive to lower costs by driving wages down, which is bad for workers. Since driving down wages is what efficiency requires, [...]

Slogans or Science?

Slogans or Science?

SANDY IKEDA, THE FREEMAN The debate over raising the legal minimum wage (LMW) to $10 an hour has people on both sides saying things they should know better than to say. For example, a friend recently posted the following meme (which isn’t the worst I’ve seen) on Facebook: One year ago this week, San Jose decided to raise its minimum wage [...]

The Bonsai and the Candy Bag

The Bonsai and the Candy Bag

SANDY IKEDA, THE FREEMAN It’s natural to pay attention to something that has a high market value, but to take little notice of something of low market value. And that’s despite the fact that those differences in value are in no way the result of the amount of care and labor that go into making them. I don’t see anything wrong with that, [...]

Urban Design and Social Complexity

Urban Design and Social Complexity

SANDY IKEDA, THE FREEMAN This week’s column is drawn from a lecture I gave earlier this year at the University of Southern California on the occasion of the retirement of urban economist Peter Gordon. One of my heroes is the urbanist Jane Jacobs, who taught me to appreciate the importance for entrepreneurial development of how public [...]

Um, Scarcity?

Um, Scarcity?

SANDY IKEDA, THE FREEMAN The new mayor of New York wants to make city streets safer. According to The New York Times: Mayor Bill de Blasio on Tuesday unveiled a sweeping set of proposals aimed at improving street safety in New York City, pledging considerable police resources and even precious political capital in Albany to a most ambitious [...]

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