It's Carnival of the Capitalists time again, with this week's edition being hosted by University of Wisconsin Law School Professor Gordon Smith of the Law & Entrepreneurship News blog, who adds a new wrinkle to the Carnival by having a real, authentic sponsor for this week's edition! Best posts of the week include:
- I've already pointed to the Coyote Blog's Warren Meyer's Case Studies on the Minimum Wage, but if you have not yet read about the impact of changing the minimum wage upon a small business operator, you need to read this post!
- The question Is Hypocrisy Legal? is asked by Conglomerate's Christine Hurt, who looks at the uneven enforcement of ethical standards within businesses. A good companion piece, which looks at the circumstances of Harry Stonecipher's dismissal from Boeing, may be found here.
- I would be absolutely remiss if I didn't point to The Big Picture's Barry Ritzholz's look at (Why) You Suck At Investing, if for no other reason than my late night viewing habits led me to a show on the Travel Channel last night related to what separates professional gamblers from amateurs in Las Vegas. The professionals seek to maintain an edge over the house in Las Vegas in part by coldly assessing their real chances, and only playing when the odds favor their winning. Applied to investing, I think it might be fair to argue that humans may be overcoming their limitations as outlined in Barry Ritzholz' post.
- Finally, Weekend Pundit looks at The Cost of Housing. With so much recent focus on whether or not there is a "bubble" in the nation's real estate markets, and what may develop in the markets' future, Chan Eddy's post examining the factors behind the recent increases in housing prices is very timely.
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Closing values for previous trading day.
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