Fairness Is an Emergent Self-Organized Property of the Free Market for Labor
The excessive compensation packages of CEOs of U.S. corporations in recent years have brought to the foreground the issue of fairness in economics. The conventional wisdom is that the free market for labor, which determines the pay packages, cares only about efficiency and not fairness. We present a...
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| Format: | Article |
| Language: | English |
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MDPI AG
2010-06-01
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| Series: | Entropy |
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| Online Access: | http://www.mdpi.com/1099-4300/12/6/1514/ |