Occupational Licensing: Does It Undermine Capitalism?

Occupational Licensing: Does It Undermine Capitalism?

What does occupational licensing have to do with capitalism? Can having too many barriers to occupations harm the economy? Milton Friedman theorizes that occupational licensing makes it hard for new people to enter a profession. It also can limit choice for consumers, especially since so many professions require some sort of license. Read more about capitalism and occupational licensing.

Why Are Coral Reefs Dying? Human Behavior

Why Are Coral Reefs Dying? Human Behavior

Why are coral reefs dying? What are the main driving factors behind the projected coral reef extinction, according to scientists? Corals have endured for many geologic epochs, but researchers believe they won’t survive the Anthropocene. Instead, they’re on a course to be the first major ecological system to go extinct. The two main reasons why coral reefs are dying are ocean acidification and climate change. Keep reading to learn why coral reefs are dying.

The Problems of Trade Unions & Economic Drawbacks

DIY attitude

What are the problems of trade unions? Why does Milton Friedman argue that trade unions can be harmful to industry? The problems of trade unions arise when unions become so powerful that they gain full control of the labor market. Additionally, labor unions can operate as wage suppressors, hurting workers and the market. Read more about the problems of trade unions according to Milton Friedman.

Species-Area Relationship: The Deadly Curve

Species-Area Relationship: The Deadly Curve

What is the species-area relationship? How is it expressed in mathematics? The species-area relationship is the relationship between the area of the species habitat and the number of animal species that inhabit it. In 2004, scientists used the concept, which is expressed mathematically as a curve, to calculate the species extinction risk at different levels of global warming. Keep reading to learn about the species-area relationship.