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Labor is the most important of the three traditional factors of production (land, labor and capital), accounting for some 75% of the GDP. It is therefore important to focus on issues of labor economics. In this book the approach taken will be that of the free market philosophy of libertarianism, the perspective that allows the maximum of freedom, consistent with the responsibility of all to respect the equal rights of all others.
Labor is the most important of the three traditional factors of production (land, labor and capital), accounting for some 75% of the GDP. It is therefore important to focus on issues of labor economics. In this book the approach taken will be that of the free market philosophy of libertarianism, the perspective that allows the maximum of freedom, consistent with the responsibility of all to respect the equal rights of all others.
The position of this book on unions is unique outside of the libertarian movement, and this is indicative of its analysis of several other issues, such as minimum wages. For scholars on the left, it is almost true that unions can do no wrong (for Marxists, they do not do enough, but that is another story). Their role is to raise wages for the workingman, and this task is almost unstintingly applauded. Conservatives, on the other hand, oppose unions root and branch (except for their support of foreign wars, which is also another story). To this end they support a welter of regulations, designed to reduce their power: limitations of check offs, forced secret ballots, etc.
For libertarians, the analysis depends, intimately, on whether or not these are voluntary organizations. If they are, there is no more justification for imposing secret ballots on them than to do so for the chess or garden club. If they are not, they should not be weakened by restrictions, but, rather, banned, and their leaders imprisoned.
Contents: Wage Determination; Unions; The Minimum Wage; Immigration; Redistributive Justice; Fringe Benefits; Other Topics in Labor Economics.
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human rights review, academic tenure, guaranteed annual income, drug prohibition, income maintenance experiments, wage distribution, libertarian rights theory, libertarian legal code, labor disincentive effects, eminent scholar endowed chair, marginal revenue productivity, cyber slacking, coercive unions, subsistence wage level, libertarian case, libertarian law, unowned property, libertarian society, labor supply effects, unowned land, competing workers, free immigration, current possessor, economic axiom, single female heads Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Walter Block, United States, Journal of Libertarian Studies, The Fraser Institute, Review of Austrian Economics, The Ethics of Liberty, New Jersey, University of Chicago Press, Ann Arbor, San Francisco, Humanities Press, Arlington House, Kansas City, Atlantic Highlands, New Orleans, New Rochelle, American Economic Review, Los Angeles, Milton Friedman, Ludwig von Mises, Harvard Journal of Law, Human Action, Iron Law, Quarterly Journal of Austrian Economics Browse Sample Pages:
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human rights review, academic tenure, guaranteed annual income, drug prohibition, income maintenance experiments, wage distribution, libertarian rights theory, libertarian legal code, labor disincentive effects, eminent scholar endowed chair, marginal revenue productivity, cyber slacking, coercive unions, subsistence wage level, libertarian case, libertarian law, unowned property, libertarian society, labor supply effects, unowned land, competing workers, free immigration, current possessor, economic axiom, single female heads Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Walter Block, United States, Journal of Libertarian Studies, The Fraser Institute, Review of Austrian Economics, The Ethics of Liberty, New Jersey, University of Chicago Press, Ann Arbor, San Francisco, Humanities Press, Arlington House, Kansas City, Atlantic Highlands, New Orleans, New Rochelle, American Economic Review, Los Angeles, Milton Friedman, Ludwig von Mises, Harvard Journal of Law, Human Action, Iron Law, Quarterly Journal of Austrian Economics Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
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