Labor And Contracts The Foundations Of A Free Society
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The Labor Policy of the Free Society
Professor Petro is one of the giants of the Austrian tradition, and he applied his talents to a particular area of specialization: labor policy. This 1957 book covers three main areas: US labor law and experience, the Austrian theory of labor/capital relations, and the true principle of free association at the heart of the free society. So as Petro sees it, labor economics isn't so much a unique branch of economics but rather the application of the general principles of economics to a specific area. This book then emerged as the definitive Austrian treatment of the topic, and remains so today. It is back in print after being unavailable for many decades. Published as part of the Mises Institute Student Series.
Foundations of Free Society (Translated to Malayalam)
Author: Eamonn Butler
language: ml
Publisher: Centre for Public Policy Research
Release Date: 2013
Economic and political crises have often led to attacks on freedom. During the Great Depression all the major economies restricted trade by raising tariffs. This knee-jerk reaction only aggravated geo-political tensions and further increased economic hardship. The emergence of radical socialist regimes led to total oppression of civil, political and economic liberties in half the world. More recently, the events of 9/11 and the US reaction have set in motion policies that have sacrificed freedom in an attempt to increase security. Similarly, the global financial crisis that began in 2008, and which was also germinated on US soil, has been followed by increasing controls, regulations and protections. Instead of relying on the creative destruction principle of free markets, governments on both sides of the Atlantic have used huge amounts of taxpayers’ money to bail out failing businesses. Threats to freedom abound. A quarter of a century ago, the world embraced ‘glasnost’ in the Soviet Union and then celebrated the fall of the Berlin Wall. But new challenges have now emerged in the form of neo-nationalism in Europe and radicalism in the Middle East. Both trends will reduce freedom if they go unchecked. In Europe, this reversion to nationalism, and even racism, is taking place despite a relatively high degree of political freedom – a functioning democracy exists. In the Middle East, the rise of religious radicalism is less surprising – neither market nor democracy is in good shape. Despite these problems, individuals in the 21st century are in many respects freer than their predecessors in the previous century. The information and communication technology revolution has brought down all kinds of barriers. In China, for example, Li Chengpeng is a prominent writer and social critic: his Sina Weibo blog has nearly six million followers. And, during the Arab Spring, social media helped bring about widespread political and social progress. If information is power, then information technology has empowered the individual. Geographical boundaries remain, but they are becoming increasingly irrelevant. In this context, the publication of Eamonn Butler’s monograph could not be more timely. Foundations of a Free Society is a welcome addition to the family of modern primers on liberty. Butler’s unique skill lies in his ability to express complex and highly influential ideas in plain English. He also successfully undermines the arguments of critics and opponents with real-world examples that illustrate his ideas and support the theoretical arguments. This Occasional Paper is therefore an excellent introductory text for those who would like to understand the basic principles of a free society. It will be particularly helpful for those promoting freedom in countries where these principles remain largely unknown, as well as for those protecting freedom in places where traditional liberties are under assault.
Coercion, Contract, and Free Labor in the Nineteenth Century
Author: Robert J. Steinfeld
language: en
Publisher: Cambridge University Press
Release Date: 2001-02-05
This book presents a fundamental reassessment of the nature of wage labor in the nineteenth century, focusing on the common use of penal sanctions in England to enforce wage labor agreements. Professor Steinfeld argues that wage workers were not employees at will but were often bound to their employment by enforceable labor agreements, which employers used whenever available to manage their labor costs and supply. In the northern United States, where employers normally could not use penal sanctions, the common law made other contract remedies available, also placing employers in a position to enforce labor agreements. Modern free wage labor only came into being late in the nineteenth century, as a result of reform legislation that restricted the contract remedies employers could legally use.