THE LABOR MARKET AS A SOCIAL INSTITUTION

Basil Blackwell, Cambridge, Massachusetts, 1990, 1^st 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)