• Summary
  • Contents
  • Subject index

Interest in economics is at an all-time high. Among the challenges facing the nation is an economy with rapidly rising unemployment, failures of major businesses and industries, and continued dependence on oil with its wildly fluctuating price. Economists have dealt with such questions for generations, but they have taken on new meaning and significance.Tackling these questions and encompassing analysis of traditional economic theory and topics as well as those that economists have only more recently addressed, 21st Century Economics: A Reference Handbook is a must-have reference resource.Key FeaturesProvides highly readable summaries of theory and models in key areas of micro and macroeconomics, helpful for students trying to get a "big picture" sense of the fieldIncludes introductions to relevant theory as well as empirical evidence, useful for readers interested in learning about economic analysis of an issue as well for students embarking on research projectsFeatures chapters focused on cutting-edge topics with appeal for economists seeking to learn about extensions of analysis into new areas as well as new approaches Presents models in graphical format and summarizes empirical evidence in ways that do not require much background in statistics or econometrics, so as to maximize accessibility to students.

Marxian and Institutional Industrial Relations in the United States
Marxian and institutional industrial relations in the United States

This chapter presents industrial relations (IR)—the study of the capitalist employment relationship, with particular emphasis on employer/worker or “capital-labor” conflict. The field originated a century ago in the United States, maintaining an intellectual tradition and historical experience distinct from IR in other nations. The field was almost a purely American tradition until after World War II, when it was promoted and exported to Europe and developing countries, with U.S. cold war foreign policy an important impetus. The intellectual landscape and character of IR in other nations, with Britain a singular example with its heavy Marxist influence, is completely distinct and beyond the scope of this chapter. Kaufman (2004) ...

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