The Wealth of Nations: Books 1-3 (Penguin Classics)

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Language: English

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This unique analysis is placed within a theoretical framework that sheds light on the role of trade unions in a peripheral capitalist social formation. If the living standard in traditional economies was low, it was at least fairly equally low across various societies. Federal laws—the Railway Act of 1926 (amended in 1934), the Davis-Bacon Act of 1931, the Norris-LaGuardia Act of 1932, the National Labor Relations Act of 1935, the Walsh-Healy Act of 1936, the Fair Labor Standards Act of 1938, various war labor boards, and the Kennedy administration’s encouragement of public-sector unionism in 1962—all added to unions’ monopoly power.

Pages: 544

Publisher: Penguin Classics (March 25, 1982)

ISBN: 0140432086

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