International labor rights revolutionized by John R. Commons' groundbreaking theory.
Increased international economic integration has led to concerns about destabilizing effects, particularly regarding international core labor rights. Scholars are debating the best way to establish and enforce these rights, with disagreements between economists. The institutional labor economics of John R. Commons offers a unique perspective, suggesting that labor standards are intrinsic to labor markets. This theory, known as the theory of Reasonable Value, provides a conceptual framework for understanding how international labor rights can be implemented effectively.