Eric Posner on Monopsony

I recently criticized Don Boudreaux’s two major arguments against legal scholar Eric Posner’s claim that monopsony in U.S. labor markets is widespread. But I do agree with Don that Posner’s case is defective. Posner writes: Economic theory says that when a pool of workers has only one potential employer, or a small number of potential … Continue reading Eric Posner on Monopsony