Classical theory on the market behavior of workers has been frequently criticized by labor economists as oversimplified and based on faulty assumptions. In particular, much of the recent empirical research on labor markets seems to have had as a main objective refutation of the traditional...

In the face of rising concern over the obsolescence and displacement of skill, there have been some proposals to compensate disadvantaged workers not only for current wage loss but also for the destruction of valuable "property rights" in the job. The authors of such a proposal often argue their...

Equally as old as the study of economics is the question, Can economists supply definite and useful answers to the practical problems confronting administrators? In a discussion of the variety and complexity of issues arising in the seemingly simple matter of setting a minimum wage for a small...

Describes the circumstances at Smithfield Market, the main wholesale meat market in London, England and the nature and consequences of the bummaree monopoly. Labor market monopoly of the self-employed porters of meat; Grounds on which monopoly behavior is defended. (Abstract copyright EBSCO.)

Proponents of socialist or centrally planned economies often assert that their systems of resource allocation and utilization banish the great scourge of capitalist economic organization, unemployment. The probable truth of this assertion is examined in this brief discussion. In general, its...