Tyler Cowen: I got into a nice argument on Twitter recently about monopsony. He says the idea that employers of low skilled labor have monopsony power strikes him as not credible. Cowen: The best way to fight monopsony is to get more workers to move into cities and populate its suburban areas.
Author and economist Tyler Cowen of George Mason University talks about his book, Big Business, with EconTalk host Russ Roberts. Cowen argues that big corporations in America are underrated and under-appreciated. He even defends the financial sector while adding some caveats along the way. This is a lively and contrarian look at a timely issue.