Introduction to Microeconomics

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Home | Library | 12. Labor and Unions

12. Labor and Unions

  • Introduction to Micro
February 12, 2010

Tags Austrian Economics OverviewInterventionismMonopoly and CompetitionProduction Theory

In order for anyone to make ethical judgments, he must know the consequences of his various actions. In questions of union actions displacement or unemployment for oneself or others will be considered unfortunate by most people. Once understood, far fewer people will be prounion or hostile to nonunion competitors. Unions lower the marginal productivity of all union workers.

Part 12 of 14. Presented in 1986 at New York Polytechnic University.


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