Read Rethinking Market Regulation: Helping Labor by Overcoming Economic Myths

Rethinking Market Regulation: Helping Labor by Overcoming Economic Myths

John N Drobak

4.9/5 (25742 ratings)

Description:"This book tackles the plight of workers who lose their jobs from mergers and outsourcing by examining two economic "principles' or narratives that have shaped the perception of the economic system in the U.S. today: (1) the notion that the U.S. economy is competitive, making government market regulation unnecessary, and (2) the claim that corporations exist for the benefit of their shareholders, but not for other stakeholders. Contrary to popular belief, this book demonstrates that many markets are not competitive, but rather are oligopolistic. This conclusion undercuts the common refrain that government market regulation is unnecessary because competition already provides sufficient constraints on business. Part of the lack of competition has resulted from the large mergers over the past few years, many of which have resulted in massive lay-offs. The second narrative has justified the outsourcing of millions of jobs of U.S. workers this century, made possible by globalization. The book argues that this narrative is not an economic principle but rather a normative position. In effect, both narratives are myths, although they are accepted as truisms by many people. The book ties together a concern for the problems of using economic principles as a justification for the lack of government intervention with the harm that has been caused to workers. The book's recommendations for a new regulatory regime is a prescription for helping labor by limiting job losses from mergers and outsourcing"--We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Rethinking Market Regulation: Helping Labor by Overcoming Economic Myths. To get started finding Rethinking Market Regulation: Helping Labor by Overcoming Economic Myths, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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ISBN: 0197578950

Description: "This book tackles the plight of workers who lose their jobs from mergers and outsourcing by examining two economic "principles' or narratives that have shaped the perception of the economic system in the U.S. today: (1) the notion that the U.S. economy is competitive, making government market regulation unnecessary, and (2) the claim that corporations exist for the benefit of their shareholders, but not for other stakeholders. Contrary to popular belief, this book demonstrates that many markets are not competitive, but rather are oligopolistic. This conclusion undercuts the common refrain that government market regulation is unnecessary because competition already provides sufficient constraints on business. Part of the lack of competition has resulted from the large mergers over the past few years, many of which have resulted in massive lay-offs. The second narrative has justified the outsourcing of millions of jobs of U.S. workers this century, made possible by globalization. The book argues that this narrative is not an economic principle but rather a normative position. In effect, both narratives are myths, although they are accepted as truisms by many people. The book ties together a concern for the problems of using economic principles as a justification for the lack of government intervention with the harm that has been caused to workers. The book's recommendations for a new regulatory regime is a prescription for helping labor by limiting job losses from mergers and outsourcing"--We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Rethinking Market Regulation: Helping Labor by Overcoming Economic Myths. To get started finding Rethinking Market Regulation: Helping Labor by Overcoming Economic Myths, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Rethinking Market Regulation: Helping Labor by Overcoming Economic Myths

Rethinking Market Regulation: Helping Labor by Overcoming Economic Myths

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