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Meanwhile, at Yahoo! Finance today there's yet another instance of the lump-of-labor boilerplate, this time by Charles Wheelen, the "Naked Economist", who writes:
I promised that in this column, I would debunk one of the most pernicious economic ideas of the left. I've chosen the "lump of labor" fallacy, which is the mistaken notion that the world has a fixed number of jobs and that therefore the best way to make workers better off is by protecting those jobs. The French are not the only people who subscribe to this erroneous view of a modern economy, but they seem to cling to it more tenaciously than most.

As is his custom (duty?), the Sandwichman recycled some of his own anti-boilerplate boilerplate at MaxSpeak.

Sandwichman

by Sandwichman on Wed Jun 7th, 2006 at 06:12:43 PM EST
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