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Now comes the 1996 Illegal Immigration Act, supposedly making it harder for illegal immigrants to use fraudulent documents and harder for the unscrupulous to employ them.Yet throughout these years the immigration figures have responded not to legislative deterrent but to economic incentive and the logic of demand and supply.
In his 1776 treatise The Wealth of Nations, Scottish philosopher and economist Adam Smith described an "invisible hand" that guides markets with a logic of demand and supply.
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You don't have to fill a flat tire through the hole; whatever the sources of inadequate demand, the logic of increasing demand remains.
But I've never understood the logic of this demand.
At this moment, when so many of the world's markets seem haywire — with the logic of supply, demand, pricing and debt broken — seeing an economy that works as well as Facebook's birthday feature gives a flash of hope.
Being comes into this, idles, over the interminable logic of manyness, the demand that something exist.
It could be that the worst excesses of capitalism were manageable, at least on a psychic level, precisely because we could occasionally shelter ourselves in various hermetic zones that did not bend to the logic of supply and demand.
We want to revel in a neighborhood brunch tradition that has nothing to do with endless waits and haughty hostesses and glasses of orange juice whose prices defy the logic of supply and demand — a tradition that means fresh bagels and whitefish with onions over the newspaper in the living room.
When Keynes argued against the "classical economists", he was to a large degree arguing against the view that there is no such thing as involuntary unemployment — a view often defended, then and now, by an appeal to the usual logic of supply and demand.
When challenged on specifics, he fumbles and flounders, with no answer to why Britain's housebuilders are sitting on 600,000 plots of land with planning permission while their profits soar, no appreciation that the housing market doesn't simply behave according to the pure logic of supply and demand.
Paris and Rome are loth to do what the economic logic of monetary union demands.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com