Episode Synopsis "12. Labor and Unions"
In order for anyone to make ethical judgments, he must know the consequences of his various actions. In questions of union actions displacement or unemployment for oneself or others will be considered unfortunate by most people. Once understood, far fewer people will be prounion or hostile to nonunion competitors. Unions lower the marginal productivity of all union workers.Part 12 of 14. Presented in 1986 at New York Polytechnic University.
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More episodes of the podcast Introduction to Microeconomics
- 1. Intro to Micro: Demand and Supply
- 2. Value
- 3. The Determination of Prices
- 4. Price Controls in the Oil Industry
- 5. Minimum Price Controls
- 6. Government Licensing of Industry and Minimum Wage
- 7. Mid-Term Review and The Theory of the Firm
- 8. The Firm
- 9. Monopoly and Competition
- 10. Government Cartels
- 11. The Structure of Production
- 12. Labor and Unions
- 13. The Labor Market
- 14. Interest Rates and Course Review