Labour Unions, Public Policy and Economic Growth. By Tapio Palokangas. Cambridge: Cambridge University Press, 2000. Pp. xiv, 237. $64.95

Gerald Friedman

The Journal of Economic History, 2001, vol. 61, issue 1, 249-250

Abstract: Some economists are confident that they understand labor unions. Viewing unions as monopolies, they believe unions raise their members' wages by reducing labor supply to unionized trades. In this monopoly-union view, nonmembers pay for union wage gains through higher prices for union-made goods and lower wages for nonunion workers due to crowding into nonunion industries and trades. By tampering with the free-market distribution of labor, unions distort the fair distribution of wages and income and lower output by pushing workers from more- into less-efficient occupations.

Date: 2001
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