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Heterodox review on labor relations & economic interventionism
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  • Daniel J. Gallego Morales,
  • Miguel Angel ALONSO,
  • Antonio SANCHEZ-BAYON,
  • Jesus HUERTA DE SOTO
Daniel J. Gallego Morales

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Miguel Angel ALONSO
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Antonio SANCHEZ-BAYON
Rey Juan Carlos University

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Jesus HUERTA DE SOTO
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Abstract

This is a critical-hermeneutical review on labor relations under the heterodox approaches, specially the Austrian Economics, to debate with mainstream bias. First, there is a diagnosis about the economic interventionism in the World and which is the current relation between the economic theory and applied economics. Second, the attention is focused in Card & Krueger study, as recent Nobel Prize in Economic Sciences, with contributions of natural experiments in Labor Economics and against to the traditional economic theory. Third, there is a discussion on the results, with some refutations according to the Austrian Economics and the mainline approaches.