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Review of Donald Stabile, The Living Wage

Professor Stabile’s main thesis is that most classical economists cared about social justice, which he equates with a living wage…

By the end, however, it becomes clear that Stabile is pushing a viewpoint after all: he is invoking classical political economy on the side of labor unions. This is not the same as a ‘pro-labor’ view – there is little about unemployment, or maximizing the demand for labor in general per macro-economic policy…

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