Economy

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In this column, venture capitalist Nick Hanauer critizes the theory that a higher minimum wage will cause increased unemployment. Going further, he suggests that economic theories in general are not science, but merely social and moral constructs.

Editor’s Note: When economic correspondent Paul Solman went to Baltimore earlier this month to report on how the riots there affected the local economy, he spoke with Johns Hopkins historian N.D.B. Connolly. Connolly brought Paul to the mall where the…