Comment on Richard B. Freeman’s “Labor markets and institutions in economic development”

Abstract

Freeman criticizes the economics profession on the ground that it has improperly accepted the philosophy of laissez‐faire capitalism in five different realms: economic development, unionism and minimum wage laws, socialist central planning versus decentralized markets, military dictatorships and income inequality, and the benefits of economic progress. Attempts to defend the view that the free enterprise analysis in these five different areas can withstand Freeman’s criticisms.

Citation

Block, W. (1996), "Comment on Richard B. Freeman’s “Labor markets and institutions in economic development”", International Journal of Social Economics, Vol. 23 No. 1, pp. 6-16. https://doi.org/10.1108/03068299610108845