Radical Economics and Labour


Book Description

To celebrate the centenary of the most radical union in North America - The Industrial Workers of the World - this collection examines radical economics and the labor movement in the 20th Century. The union advocates direct action to raise wages and increase job control, and it envisions the eventual abolition of capitalism and the wage system through the general strike. The contributors to this volume speak both to economists and to those in the labor movement, and point to fruitful ways in which these radical heterodox traditions have engaged and continue to engage each other and with the labor movement. In view of the current crisis of organized labor and the beleaguered state of the working class—phenomena which are global in scope—the book is both timely and important. Representing a significant contribution to the non-mainstream literature on labor economics, the book reactivates a marginalized analytical tradition which can shed a great deal of light on the origins and evolution of the difficulties confronting workers throughout the world. This volume will be of most interest to students and scholars of heterodox economics, those involved with or researching The Industrial Workers of the World, as well as anyone interested in the more radical side of unions, anarchism and labor organizations in an economic context.




Working-class America


Book Description







Two Essays on the Economics of Discrimination


Book Description

This thesis covers two areas of the labour market not commonly studied in the context of discrimination: potential bias of job seekers against employers based on ethnicity and gender, and discrimination against employment seekers in the context of the unemployment insurance system. Utilizing survey experiments, both studies yield robust null results. Overall, these studies contribute to the understanding of discrimination dynamics in the labour market and welfare systems. Paper I shows that job seekers may not be motivated by discriminatory practices when seeking employment. However, more research is needed, and future work should be focused on natural experiments to prevent limitations similar to those in our study. Paper II highlights the importance of strict legal frameworks and of maintaining rigorous standards in public service delivery to mitigate discriminatory practices.




Workers of the World


Book Description

The studies offered in this volume contribute to a Global Labor History freed from Eurocentrism and methodological nationalism. Using literature from diverse regions, epochs and disciplines, the book provides arguments and conceptual tools for a different interpretation of history – a labor history which integrates the history of slavery and indentured labor, and which pays serious attention to diverging yet interconnected developments in different parts of the world. The following questions are central: ▪ What is the nature of the world working class, on which Global Labor History focuses? How can we define and demarcate that class, and which factors determine its composition? ▪ Which forms of collective action did this working class develop in the course of time, and what is the logic in that development? ▪ What can we learn from adjacent disciplines? Which insights from anthropologists, sociologists and other social scientists are useful in the development of Global Labor History?




The Elgar Companion to the Chicago School of Economics


Book Description

Many know the Chicago School of Economics and its association with Milton Friedman, George Stigler, Ronald Coase and Gary Becker. But few know the School's history and the full scope of its scholarship. In this Companion, leading scholars examine its history and key figures, as well as provide surveys of the School's contributions to central aspects of economics, including: price theory, monetary theory, labor and economic history. The volume examines the School's traditions of applied welfare theory and law and economics while providing a glimpse into emerging research on Chicago's role in the development of neoliberalism. A companion in the true sense of the word, this volume surveys a wide body of Chicago economic studies and guides readers carefully through each. The Companion offers biographies of leading Chicago economists and evaluations of the School's connection to approaches to economics that draw from and complement the School, including the Virginia School and the work of Armen Alchian and Edward Lazear. Moreover, this book is a first in many respects as it analyzes the interconnections of the Chicago School's theory, methodology, and policy, and considers by what means and ideas the School's policy framework is driven. The breadth and depth of the insights presented here will appeal especially to students and scholars of economics and historians interested in economics, social science and applied public policy.




Two Hundred Years of Say's Law


Book Description

From the 30 year General Glut debate at the start of the 19th century which focused solely on its truth, to the Keynesian revolution and Keynes's successful attempt to convince his fellow economists that Say's Law was wrong, it remains the most controversial principle in the history of economic theory. The central question - not resolved to this day - is this: can demand deficiency ever be the cause of recession and, if so, are greater levels of unproductive spending an appropriate response? The thrust of the argument is that if Say's Law is valid, much of modern macroeconomic theory is fatally flawed. This book explores the validity of this problematic principle, reminding us that this 200-year debate has not yet been laid to rest.




What Unions No Longer Do


Book Description

From workers' wages to presidential elections, labor unions once exerted tremendous clout in American life. In the immediate post-World War II era, one in three workers belonged to a union. The fraction now is close to one in five, and just one in ten in the private sector. The only thing big about Big Labor today is the scope of its problems. While many studies have explained the causes of this decline, What Unions No Longer Do shows the broad repercussions of labor's collapse for the American economy and polity. Organized labor was not just a minor player during the middle decades of the twentieth century, Jake Rosenfeld asserts. For generations it was the core institution fighting for economic and political equality in the United States. Unions leveraged their bargaining power to deliver benefits to workers while shaping cultural understandings of fairness in the workplace. What Unions No Longer Do details the consequences of labor's decline, including poorer working conditions, less economic assimilation for immigrants, and wage stagnation among African-Americans. In short, unions are no longer instrumental in combating inequality in our economy and our politics, resulting in a sharp decline in the prospects of American workers and their families.




Essays on the Great Depression


Book Description

From the Nobel Prize–winning economist and former chair of the U.S. Federal Reserve, a landmark book that provides vital lessons for understanding financial crises and their sometimes-catastrophic economic effects As chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s—work for which he was later awarded the Nobel Prize. This influential work is collected in Essays on the Great Depression, an important account of the origins of the Depression and the economic lessons it teaches.




In Search of the Two-Handed Economist


Book Description

For the economics profession, issues of marketing and ideology have often been reduced to the status of 'the love that dare not speak its name'. This volume brings these issues out of the closet and examines what effect, if any, these factors have in shaping the contours of the discipline. The way in which economists face policy issues is in part driven, even if only subconsciously, by unacknowledged ideological concerns and the increasing need to sell one's theories, views and policies in a frustratingly competitive academic market. In seven carefully and provocatively granulated chapters, the volume raises possible implications of these marketing and ideological imperatives by approaching the problem from a number of surprising and irreverent directions. Though unfortunately, in its irrevocable denouement the text proves incapable of creating anything resembling a life changing experience let alone coming to any definite and irrefutable conclusions. Like life itself, economics is full of uncertainties and uncontrollable difficulties.