Modern Labour Economics: The Neoclassical Paradigm with Institutional Theories
نویسندگان
چکیده
منابع مشابه
Forging Modern Labour Economics
Labour economics is often taken by vivid discussions about the specificity of the labour market and the need to develop a different approach, away from the current standard microeconomics. What is often forgotten is that this was not always the case. Labour research in the interwar years was quite different from what we regard presently as labour economics, being much more broadly and loosely d...
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Both Keynesians and modern institutional economists are critical of the “classical economists”. In being so, they employ similar micro foundations of the business behavior (the “institutional arrangements”) of individuals. Yet in contrast to Keynesians, the representatives of modern institutional economics incorporate the institutional framework into their analysis: For them, the linkage betwee...
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51 WALTER BLOCK is the Harold E. Wirth eminent scholar endowed chair in economics, WILLIAM BARNETT II is associate professor of economics, and STUART WOOD is associate professor of economics and finance at Loyola University, New Orleans. Block would like to thank David Kennedy, Tony Sullivan, and the Board of Directors of the Earhart Foundation for financial support used to write this paper. An...
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We review and evaluate some recent contributions on modeling entrepreneurship within a neoclassical framework, analyzing how and to what extent the fundamental ingredients suggested in the social science literature were captured. We show how these approaches are important in stressing the main elements of a complex picture without being able to fully describe it. Each modeling attempt focuses o...
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In a recent article George Boyer and Robert Smith describe the development of the neoclassical tradition in labor economics. In this paper I reexamine this subject and provide an alternative account of the evolution of thought in the field. I argue Boyer and Smith incorrectly define both the institutional and neoclassical approaches to labor market analysis. The essence of institutional economi...
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ژورنال
عنوان ژورنال: European Scientific Journal, ESJ
سال: 2016
ISSN: 1857-7431,1857-7881
DOI: 10.19044/esj.2016.v12n28p541