Values Meet Value in Labor Economics

It is an article of faith among mainstream economists that self-interested market competition is the route to higher rates of economic growth, more goods and services, and more jobs. Government interference with markets is taboo, except to improve the markets by making them more competitive.

Taking issue with those doctrines are four new or recent eminently readable books on the grim consequences of contemporary labor-market developments in the United States — downsizing and

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