Bargaining power for workers in the U.S. economy has been declining for nearly a half century, having significant consequences for economics, politics, and individual behavior. This talk examines the roots of power relationships in a capitalist economy by examining class relationships and information asymmetries. The focus will then turn to how to measure power, how economic outcomes affect power, and how power affects economic outcomes. Efficiency and equity considerations will be discussed to better understand the effect power has on the macroeconomy and individuals.
201 Payson Smith Hall, Portland Campus
Professor Michael Cauvel