By Carlos Martinez Black Markets have always been regarded as networks where buyers and sellers transact goods and services notorious for being morally wrong. Things like hard drugs, illegal prostitution, or guns that are not registered are among the many elements people cite when someone introduces the conversation of black markets to the table. Yet, few have talked … [Read more...] about Cuba’s Bustling Black Markets Hold an Important Economic Lesson
Black Markets
Black Markets Reveal the Power of Economic Laws
By Allen Gindler If we consider economics to be an objective science, its rules should also have universal significance and use, despite differences in societal order. However, socialists of the materialist camp are committed to the idea that common ownership of the means of production would change the way economic laws unfold under socialism. Basically, they reject the … [Read more...] about Black Markets Reveal the Power of Economic Laws