Is the Market Racist and Sexist: The Wage Gap and the Glass Ceiling
Recorded at Mises University 2004.
Recorded at Mises University 2004.
Recorded at Mises University 2004.
Up until the 1930s there was freedom of contract between workers and employers by which they could make, accept, or reject any offers of remuneration. With the 1930s comes the idea of exclusive bargaining agents decided upon by a majority of workers, and compulsory to all.
The standard tale of labor history in American is largely false. Unions did not cause a rising standard of living. Employers were forbidden to encourage union membership, but they could compel union membership.
Dues to threats of copyright infringement lawsuits, this bakery now re
Prior to Mises there had been nothing written on the theory of monopoly price. Mises felt there could be some limited times of monopoly on the free market, e.g. diamond mines, but Rothbard felt that there could not be monopolies. Both theories developed out of Menger’s original thoughts.