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Do Capitalists Have Superior Bargaining Power?
Mises Daily
Author: Thomas J. DiLorenzo
Online Publish Date:
Category: Capital and Interest Theory, Interventionism, Monopoly and Competition, Production Theory, Big Government, Global Economy, Media and Culture, U.S. Economy
I n response to an earlier article on Mises.org in which I described why capitalism, and not labor unions, have given us more and more leisure time quite a few people emailed me to ask: ”But aren’t workers at a disadvantage in bargaining individually for wages, and aren’t unions valuable for that reason?” I never argued that unions had no value,
Two Very Fashionable Frauds
Mises Daily
Author: Thomas J. DiLorenzo
Online Publish Date:
Category: Free Markets, Health, Media and Culture, U.S. Economy
Two years ago I was on a faculty committee to choose the one book that incoming freshman would be asked to read and discuss in discussion groups during freshman orientation. It was the school of business’s turn to choose the book, so I thought it would be valuable, for once, for the freshman to read a book that was not the latest popular left-wing