Bøker av Michael Huberman

This book questions the idea that wages were set by thoroughgoing competition in the heyday of laissez-faire capitalism. Drawing on the experience of workers during industrialisation, this book shows that workers and firms have good reasons to fix wages independently of market fluctuations.

It has become commonplace to think that globalization has produced a race to the bottom in terms of labor standards and quality of life: the cheaper the labor and the lower the benefits afforded workers, the more competitively a country can participate on the global stage. But in this book the distinguished economic historian Michael Huberman demonstrates that globalization has in fact been very good for workers quality of life, and that improved labor conditions have promoted globalization.