CATO Journal publishes new free market research by professor emeritus

• August 17, 2010 5:00am

The CATO Journal published a new article, “Toward the Free-Market Union Law” from Charles W. Baird, professor emeritus of economics.

Baird wrote the article to” set out my formulation of the criteria for voluntary exchange in any market, including the labor market, and consider what these criteria imply for strikes and “yellow-dog” (union-free) contracts….A free market is one in which interactions between people take place in the context of voluntary exchange. The principal role for government in a free market is to enforce the rules of voluntary exchange.” 

EB/KL