Morishima, Michio (1989) Wage differentials in Japan: 1958-85. JS, 203. Suntory and Toyota International Centres for Economics and Related Disciplines, London School of Economics and Political Science, London, UK.
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The market is a place where people behave quite relentlessly. If one person is selling a particular commodity at a higher price than others, no one will buy that commodity from him, however virtuous or merciful he is known to be. Of course, the actual world does not always work exactly in this way, but if it works too differently, the case is regarded as being an exceptional one. Thus, the assumption that the market is a relentless place is acceptable as a first approximation ot the real world.
|Item Type:||Monograph (Discussion Paper)|
|Additional Information:||© 1989 Michio Morishima|
|Library of Congress subject classification:||D History General and Old World > DS Asia
H Social Sciences > HD Industries. Land use. Labor
|Sets:||Collections > Economists Online
Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)
|Date Deposited:||10 Jul 2008 12:25|
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