Definition
A labor or trade union is defined as an organization that represents the collective interests of workers in negotiations with employers.
Introduction
Ideas concerning the role, function, and nature of labor unions and their leadership can be found in nineteenth century economics literature. Even since this early period, a division between orthodox and nonorthodox approaches toward the study of labor unions can be discerned. The orthodox framework was formed in the late nineteenth century with the gradual establishment of Marginalism, and it consolidated itself with the dominance of early neoclassical economics. Orthodox economic theory did not devote much attention to the economic analysis of unions. On the contrary and during the same period, nonorthodox economists such as Sidney and Beatrice Webb and early institutionalists (e.g., Richard Ely), had paid considerable attention to the study of...
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Drakopoulos, S.A. (2024). Nonorthodox Economic Approaches to Labor Unions and Union Leadership. In: Marques, J. (eds) Encyclopedia of Diversity, Equity, Inclusion and Spirituality. Springer, Cham. https://doi.org/10.1007/978-3-031-32257-0_30-1
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DOI: https://doi.org/10.1007/978-3-031-32257-0_30-1
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