Abstract
To some people, trade unions are crucial protectors of the weak. To others, they force up wage rates to unrealistic levels and contribute to unemployment. What role do trade unions have in a modern economy? How successful are they in raising the real wages of their members? To what extent do they manipulate labour markets?
In this chapter, we review
- Indifference curves
- Cartels
We introduce
- Demand for labour
- Wage rate determination
| Original language | English |
|---|---|
| Title of host publication | Economics: theory in action |
| Editors | K. Heather |
| Place of Publication | Harlow, Essex |
| Publisher | Prentice Hall |
| Pages | 227-248 |
| Number of pages | 22 |
| ISBN (Print) | 9780273679844 |
| Publication status | Published - 13 Nov 2003 |
