[OPE-L:4810] Re: the determination of real wages

Michael Perelman (michael@ecst.csuchico.edu)
Fri, 18 Apr 1997 07:28:12 -0700 (PDT)

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Suppose we look at the determination of wages at the level of markets
and proces. One of the lessons of the Reagan-Bush-Clinton era seems to
be that the price of labor is VERY sensititive to the institutional
framework in which labor power is bought and sold.

I am now working this idea into a book on the inherent instability of

Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 916-898-5321
E-Mail michael@ecst.csuchico.edu