Richard Epstein: Law and Economics of Public Sector Unions
This video podcast was originally published by the Commonwealth Foundation.
Renowned legal scholar Richard A. Epstein joins David Osborne to dissect the legal foundations and economic consequences of public sector unionization. From the early days of private labor unions to the rise of government unions, Epstein explains how collective bargaining has evolved—and why public sector collective bargaining, in his view, breach the public trust. They explore everything from the antitrust roots of union restrictions to Roosevelt’s and Kennedy’s diverging views on public unions, the fallout of the Janus decision, and why many reforms fall short. If you care about the future of labor policy, this episode is a must-listen.
Economic Dynamism
The Wine and Commerce Symposium
The Western tradition’s great thinkers have long recognized wine as a symbol for the beguilement of reason. But if wine warps reason, they recognized how it can also enable reliable reason in our analysis of regimes.
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Social Mobility Wins
When people live within an environment offering good jobs, good education, social networks, and a culture of self-improvement and hard work, they experience progress in a way that undercuts the philosophical rationale that socialists need to justify the policies they advocate.
Kevin Warsh and the Future of Fed Communication
Warsh is right that the Federal Reserve should not speak so loudly that it hears only its own echo.
