Whereas unemployment in the United States has risen and fallen with the business cycle, in Europe it has crept steadily upward in recent decades. Although the economic reasons for this trend are easily explained by reference to European labor policies, the reasons why such policies have been maintained or even augmented are not so obvious.
|Other Independent Review articles by Robert Higgs|
|Winter 2016||Ludwig von Mises and Dietrich von Hildebrand: Some Remarkable Parallels|
|Fall 2015||How Big Is Government in the United States?|
|Summer 2015||Gross Domestic Productan Index of Economic Welfare or a Meaningless Metric?|
|[View All (52)]|