Economists and the Minimum Wage Laws


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  • Product Description

Minimum wage laws are a favorite textbook example of how policy may grossly deviate from economic theory and economists' prescriptions. After all, their opposition to it is traditionally one of the most consensual issues among policy recommendations. Most economists would agree that while imposing minimum wage may be a product of good intentions (at least sometimes), it ends up affecting adversely precisely those whom it is supposed to help. The book covers this narrow stream of intellectual history in economics, tracing down the development of economists' attitude towards this kind of legislation within the last century. It shows how economists' resistance and protestations against it on the one hand, or their lukewarm embrace of it on the other, determined how popular their theories were in political circles.

Product Specifications
SKU :COC63994
AuthorTomas Jirasek and Dan Stastny
Number of Pages100
Publishing Year2013-10-11T00:00:00.000
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-08 00:00:00
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