Labor Market Disputes: A Comment on Albert Rees' “Fairness in Wage Distribution”

Walter Block
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Walter Block: Economics Department, College of the Holy Cross, Worcester, MA 01610, USA

Chapter 3 in Labor Economics from a Free Market Perspective:Employing the Unemployable, 2008, pp 25-38 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractAlbert Rees criticizes neo classical labor economics for paying too little attention to fairness and utility function interdependence. As a result, he claims, this theory cannot fully come to grips with wage determination as it actually exists in the real world. The present author takes issue with Rees, and attempts to defend traditional labor economics against his criticisms.

Keywords: Labor; Unions; Economics; Wages; Race; Sex; Discrimination; Unemployment; Immigration (search for similar items in EconPapers)
Date: 2008
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