In what follows, I will set out my formulation of the criteria for voluntary exchange in any market, including the labor market, and consider what these criteria imply for strikes and “yellow-dog” (union-free) contracts. Next, I will show how the NLA and the NLRA violate those criteria. Then...

Carl Menger and Armen Alchian told stories of the emergence of money as a spontaneous order involving two types of costs - costs of recognizing attributes of goods and costs of finding willing exchange partners. Menger assumed that the first are zero and the second are positive. Alchian assumed...