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.

Beveridge defined full employment as a state where there are slightly more vacant jobs than there are available workers, or not more than 3% of the total workforce. This book discusses how this goal might be achieved, beginning with the thesis that because individual employers are not capable of creating full employment, it must be the responsibility of the state. Beveridge claimed that the upward pressure on wages, due to the increased bargaining strength of labour, would be eased by rising productivity, and kept in check by a system of wage arbitration. The cooperation of workers would be secured by the common interest in the ideal of full employment. Alternative measures for achieving full employment included Keynesian-style fiscal regulation, direct control of manpower, and state control of the means of production. The impetus behind Beveridge's thinking was social justice and the creation of an ideal new society after the war. The book was written in the context of an economy which would have to transfer from wartime direction to peace time. It was then updated in 1960, following a decade where the average unemployment rate in Britain was in fact nearly 1.5%.

From one of the leading policy experts of our time, an urgent rethinking of how we can better support each other to thrive Whether we realize it or not, all of us participate in the social contract every day through mutual obligations among our family, community, place of work, and fellow citizens. Caring for others, paying taxes, and benefiting from public services define the social contract that supports and binds us together as a society. Today, however, our social contract has been broken by changing gender roles, technology, new models of work, aging, and the perils of climate change. Minouche Shafik takes us through stages of life we all experience—raising children, getting educated, falling ill, working, growing old—and shows how a reordering of our societies is possible. Drawing on evidence and examples from around the world, she shows how every country can provide citizens with the basics to have a decent life and be able to contribute to society. But we owe each other more than this. A more generous and inclusive society would also share more risks collectively and ask everyone to contribute for as long as they can so that everyone can fulfill their potential. What We Owe Each Other identifies the key elements of a better social contract that recognizes our interdependencies, supports and invests more in each other, and expects more of individuals in return. Powerful, hopeful, and thought-provoking, What We Owe Each Other provides practical solutions to current challenges and demonstrates how we can build a better society—together.

Monumental and revelatory, Free Labor explores labor activism throughout the country during a period of incredible diversity and fluidity: the American Civil War. Mark A. Lause describes how the working class radicalized during the war as a response to economic crisis, the political opportunity created by the election of Abraham Lincoln, and the ideology of free labor and abolition. His account moves from battlefield and picket line to the negotiating table, as he discusses how leaders and the rank-and-file alike adapted tactics and modes of operation to specific circumstances. His close attention to women and African Americans, meanwhile, dismantles notions of the working class as synonymous with whiteness and maleness. In addition, Lause offers a nuanced consideration of race's role in the politics of national labor organizations, in segregated industries in the border North and South, and in black resistance in the secessionist South, creatively reading self-emancipation as the largest general strike in U.S. history.

“Powerful as well as highly engaging—a brilliant book.” —Amartya Sen A Times Higher Education Book of the Week It may sound crazy to pay people whether or not they’re working or even looking for work. But the idea of providing an unconditional basic income to everyone, rich or poor, active or inactive, has long been advocated by such major thinkers as Thomas Paine, John Stuart Mill, and John Kenneth Galbraith. Now, with the traditional welfare state creaking under pressure, it has become one of the most widely debated social policy proposals in the world. Basic Income presents the most acute and fullest defense of this radical idea, and makes the case that it is our most realistic hope for addressing economic insecurity and social exclusion. “They have set forth, clearly and comprehensively, what is probably the best case to be made today for this form of economic and social policy.” —Benjamin M. Friedman, New York Review of Books “A rigorous analysis of the many arguments for and against a universal basic income, offering a road map for future researchers.” —Wall Street Journal “What Van Parijs and Vanderborght bring to this topic is a deep understanding, an enduring passion and a disarming optimism.” —Steven Pearlstein, Washington Post

Throughout recorded history, labor to produce goods and services has been a central concern of society, and questions surrounding the terms of labor—the arrangements under which labor is made to produce and to divide its product with others—are of great significance for understanding the past and the emergence of the modern world. For long periods, much of the world’s labor could be considered under the coercive control of systems of slavery or of serfdom, with relatively few workers laboring under terms of freedom, however defined. Slavery and serfdom were systems that controlled not only the terms of labor, but also the more general issues of political freedom. The nine chapters in this volume deal with the general issues of the causes and consequences of the rise of so-called free labor in Europe, the United States, and the Caribbean over the past four to five centuries, and point to the many complications and paradoxical aspects of this change. The topics covered are European beliefs that rejected the enslavement of other Europeans but permitted the slavery of Africans (David Eltis), British abolitionism and the impact of emancipation in the British West Indies (Seymour Drescher), the consequences of the end of Russian serfdom (Peter Kolchin), the definition and nature of free labor as seen by nineteenth-century American workers (Leon Fink), the effects of changing legal and economic concepts of free labor (Robert J. Steinfeld), the antebellum American use of the metaphor of slavery (David Roediger), female dependent labor in the aftermath of American emancipation (Amy Dru Stanley), the contrast between individual and group actions in attempting to benefit individual laborers (David Brody), and the link between arguments concerning free labor and the actual outcomes for laborers in nineteenth-century America (Clayne Pope).

Individual case studies explore the artisans' worlds on a more personal level, introducing us to the lives and work of such individuals as William Price Talmage, a journeyman; Reuben King, an artisan who became a planter; and Jett Thomas, one of the first master builders to leave his mark on Georgia's architecture."--BOOK JACKET.

Work is, and always will be, a central institution of society. What makes a capitalist society unique is that it treats the human capacity to engage in labor as a basic commodity. This can be a source of dynamism, as when innovative firms raise wages to attract the best and brightest. But it can also be a source of misery, as when one’s skills are suddenly rendered obsolete by forces beyond one’s control. Jeffrey J. Sallaz asks us to rethink our basic assumptions about work. Drawing on cutting-edge theories within economic sociology and through the use of contemporary examples, he conceptualizes labor as embedded exchange. This draws attention to issues that all too frequently are overlooked in our public discourse and private imaginations: how various forms of work are classified and valued; how markets for labor operate in practice; and how people can challenge the central fiction that their work is simply a commodity to be bought and sold. This readable and engaging book is suitable for both graduate and advanced undergraduate students. It will be of interest to economic sociologists, scholars of labor, and all of those who find themselves working for a living.