Liberty and American Civilization

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8. Labor Market Superstitions

  • Liberty and American Civilization

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06/09/2006Thomas J. DiLorenzo

There are labor market myths and there are labor union myths. The biggest myth is that capitalists always exploit the working class. Basic economics about marginal productivity theory contradicts this. Examples abound in all areas.

Lecture 8 of 10 from the Steven Berger Seminar: Thomas DiLorenzo on Liberty and American Civilization.

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Thomas DiLorenzo is professor of economics at Loyola University Maryland and a member of the senior faculty of the Mises Institute. He is the author of The Real Lincoln; How Capitalism Saved America; Lincoln Unmasked; Hamilton's Curse; Organized Crime: The Unvarnished Truth About Government; and The Problem with Socialism.

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