Chapter 1 - Lecture: Chapter 1 Theories/Perspectives on...

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Lecture: Chapter 1 Theories/Perspectives on Labor Marxist o Focuses on class conflict: labor versus capital o Resolved in revolution and the overthrowing on capitalism, which has yet to happen o Unions have some role, mainly in aiding the revolution o Capitalists will always exploit the worker and cannot be reconciled Neoclassical Economics: o Emphasizes unconstrained labor markets o Labor unions are considered a considered a constrain on the market and are problematic, because they somehow limit the free market Managerialist (Unitarist/HR) o Focus on management; views labor and management as having common not opposing interests o If workers are unhappy, it is because there is a problem with management o Labor unions are necessary to control or train management, but will fade away over time as management improves Institutional o Emphasizes need for institutions regulating markets; bargaining b/w labor and management o The free market isn’t really free, you need to have rules to have the market
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This note was uploaded on 06/06/2011 for the course ILRCB 2050 at Cornell University (Engineering School).

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Chapter 1 - Lecture: Chapter 1 Theories/Perspectives on...

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