
THE LABOR MARKET AS A SOCIAL INSTITUTION
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Basil Blackwell, Cambridge, Massachusetts, 1990, 1st pr. ISBN 1-55786-086-6. Hard cover, 116 pages including Works by the author listed chronologically, Name Index, and Subject Index. Very good; black boards with gold lettering on spine; very light edge wear; binding sound; outer page block lightly tanned with a few age spots. Dust jacket shows a few rubs, scratches and impressions; no tears. Book interior clean and unmarked with lightly tanned pages; a few age-spots noted in top margin of a few pages. Part of the Royer Lecture series. ‘… presents a new understanding of the operation of the labor market, based on the view of it as a social institution. He examines the evidence for the assertion that the labor market is a market for a very different kind of commodity with many special characteristics; he explores ways in which theories of the determination of wage values and employment might better be reconciled with reality; and he proposes policy implications arising from the likelihood that there are a range of equilibria in the labor market, many involving high and persistent unemployment.’ (from front flap)