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 2018||Principal-Agent Theory and Representative Government|
|Fall 2017||Freedom of Movementthe Sine Qua Non of Economic Prosperity and Progress|
|Summer 2017||Moderation in Response to Provocation Is No Vice|
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