Feminists Who Hate Free Market Economics

Thomas DiLorenzo reports:

Rumor has it that when Professor Walter Block presented a lecture at Loyola College recently in which he argued that free-market competition diminishes rather than exacerbates the male/female "wage gap" the entire College administration, and the majority of the economics department, collectively swooned. There are even reports that they all collapsed simultaneously on the same swooning couch.

What could Professor Block have said that generated such hysteria, including comical "apologies" from the College president and several members of the economics department? In terms of the "wage gap" his main point was one that Nobel laureate Gary Becker (Professor Block’s dissertation advisor at Columbia University way back when) and many other economists have been making for decades: marriage affects men and women differently in terms of their earning abilities. There are exceptions, but in general women are more likely to drop out of the workforce for a period of time because of child rearing and other chores (that most men shirk). Consequently, they fall behind their male counterparts in terms of human capital accumulation, productivity, and wages.

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