Market Abuse

Central to this edited volume is the legal position and the labour situation of non-EU and EU low-waged migrant workers. <i>Towards a Decent Labour Market for Low-Waged Migrant Workers</i> presents ground breaking research on policies and practices in search of striking a right balance between the economic ambitions and the negative consequences thereof, for labour market dynamics such as down-ward wage pressures, unfair competition, the abuse of migrant workers and even the long-term setback for the children of previously low-waged migrant workers.

A central concern of economics is how society allocates its resources. Modern economies rely on two institutions to allocate: markets and governments. But how much of the allocating should be performed by markets and how much by governments? This collection of readings will help students appreciate the power of the market. It supplements theoretical explanations of how markets work with concrete examples, addresses questions about whether markets actually work well and offers evidence that supposed market failures are not as serious as claimed.