Why economists dislike a lump of labor

  title={Why economists dislike a lump of labor},
  author={Tom Walker},
  journal={Review of Social Economy},
  pages={279 - 291}
  • Tom Walker
  • Published 1 September 2007
  • Economics
  • Review of Social Economy
Abstract The lump-of-labor fallacy has been called one of the “best known fallacies in economics.” It is widely cited in disparagement of policies for reducing the standard hours of work, yet the authenticity of the fallacy claim is questionable, and explanations of it are inconsistent and contradictory. This article discusses recent occurrences of the fallacy claim and investigates anomalies in the claim and its history. S.J. Chapman's coherent and formerly highly regarded theory of the hours… 

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