Economics vs. ‘Need’

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 One of the most common arguments for allowing more immigration is that there is a “need” for foreign workers to do “jobs that Americans won’t do,” especially in agriculture. One of my most vivid memories of the late Armen Alchian, an internationally renowned economist at UCLA, … Continue reading Economics vs. ‘Need’

Economics vs. ‘Need’

From an economic standpoint there is no such thing as an objective and quantifiable “need.”