Liberalism and Labor Market Flexibility
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This paper argues that liberalism supports flexibility in the labor market. It describes how Western institutions have become anomalous by espousing liberalism on the one hand and not allowing for a flexible labor market on the other. The paper also explains how the rise of Marxist discourse has led to this situation as well as the establishment of unionism, the New Deal, and the rise of the Welfare State. The paper then presents the neo-liberal argument, espousing privatization and deregulation and explains why any form of economic philosophy tends to obstruct the market for labor. The paper also highlights some neo-liberal ideas regarding the emancipation of the labor market that allow for both security and flexibility.
From the Paper:"Liberalism is the political ideology that champions freedom in the market place. It has been the dominant ideology in the Western world since the adoption of Adam Smith's revolutionary ideas concerning the mechanisms of the free market. Smith had advanced the idea that the free market is the most efficient agent of social cohesion and economic growth, and liberalism wholeheartedly embraces this belief in the market. In accordance with this ideal the liberal must also support the idea of flexibility in the labour market, because he views the labour market as just another part of the market as a whole. Just as he supports free trade among nations, so he must also agree that firms must be able to hire and fire as they please, and should be able to negotiate fully regarding the wages that they pay their employees."
Sample of Sources Used:
- Alesina, Alberto and Francesco Giavazzi. "Why the Left should learn to love liberalism." Vox, http://www.voxeu.org/index.php?q=node/596, Accessed 5 October 2007.
- Atkinson, John. Employment, the Small Firm, and the Labour Market. New York: Routledge, 1994.
- The European Commission. Employment in Europe 2007. Office for Official Publications of the European Communities, 2007.
- Siebert, Horst. Labor Market Rigidities and Unemployment in Europe. Institut fur Weltwirtschaft an der Universitat Kiel, 1997.
Cite this Argumentative Essay:
Liberalism and Labor Market Flexibility (2010, August 30) Retrieved January 25, 2021, from https://www.academon.com/argumentative-essay/liberalism-and-labor-market-flexibility-129077/
"Liberalism and Labor Market Flexibility" 30 August 2010. Web. 25 January. 2021. <https://www.academon.com/argumentative-essay/liberalism-and-labor-market-flexibility-129077/>