Phillip W. Magness

Adjunct Pay & the Labor Theory of Value: a thought experiment

One of the most common complaints from the adjuncting world essentially boils down to the Labor Theory of Value (LTOV), i.e. beleaguered adjuncts complain that they are not paid for the out-of-classroom obligations of their jobs such as preparing lectures, grading papers, answering student emails, and even commuting to work. If these tasks were included

Adjunct Pay & the Labor Theory of Value: a thought experiment Read More »

Guelzo/Lincoln/Colonization challenge: can you spot the problem?

Historian Allen C. Guelzo, with whom I have tangled repeatedly on the subject of Abraham Lincoln and colonization, inserted another jab at my 2011 book Colonization after Emancipation (co-authored with Sebastian Page) in the latest issue of the American Historical Review. This one appears as a comment in his review of Robert E. May’s book Slavery, Race, and Conquest in the American

Guelzo/Lincoln/Colonization challenge: can you spot the problem? Read More »

The American System and the Political Economy of Colonization

My new article in the Journal of the History of Economic Thought explores the intersection between 19th century economic theory and the colonization movement, including its substantial effect on the antislavery views of Abraham Lincoln. Abstract: “From 1816 through to the end of the Civil War, the colonization of emancipated slaves in Africa and the

The American System and the Political Economy of Colonization Read More »

Hayek anticipated Piketty by 60 years

This morning I came across the following passage from an article that F.A. Hayek published in 1956, entitled “Progressive Taxation Reconsidered.” Their content struck me as particularly prescient, as they directly anticipated both the punitive dimensions of Piketty’s wealth tax proposal, and the vulnerability of progressive income taxation to political capture. As Hayek writes: “With scales

Hayek anticipated Piketty by 60 years Read More »