The story
From Supreme Court of Canada Justice Ivan C. Rand (1884–1969), who developed the formula in 1946.
Etymology from Wiktionary, CC BY-SA 4.0.
Rand formula
Today it means: The principle, widely recognized in Canadian law and in collective agreements, that all employees of a unionized workplace must pay dues to the labor union, whether they choose to be members of the union or not. Full definition →