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According to the text, the Romantic movement was a "great victory of heart over head." Explain this statement.
Marginal Productivity
The increase in output that results from a one-unit increase in an input, holding all other inputs constant.
Labor Unions
Organizations formed by workers to protect their rights and interests through collective bargaining with employers regarding wages, work hours, and working conditions.
Efficiency Wages
Wages that an employer sets above the market equilibrium level to increase worker productivity and loyalty.
Above-Equilibrium
A situation where the price of a good or service is higher than the equilibrium price, leading to a surplus.
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