Morishima, Michio (1989) Wage differentials in Japan: 1958-85. JS (203). Suntory and Toyota International Centres for Economics and Related Disciplines, London, UK.
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Abstract
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) |
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| Official URL: | http://sticerd.lse.ac.uk |
| Additional Information: | © 1989 Michio Morishima |
| Divisions: | STICERD |
| Subjects: | D History General and Old World > DS Asia H Social Sciences > HD Industries. Land use. Labor |
| Date Deposited: | 10 Jul 2008 12:25 |
| Last Modified: | 11 Dec 2024 18:17 |
| URI: | http://eprints.lse.ac.uk/id/eprint/6924 |
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