Dagmar Brožová
Utváření moderní ekonomie trhů práce
Číslo: 6/2016
Periodikum: Acta Oeconomica Pragensia
DOI: 10.18267/j.aop.562
Klíčová slova: modern labour economics, neoclassical theory, neoinstitutional theory, dual market theory, theory of efficiency wages, labour market institutions, Moderní ekonomie práce, neoklasická teorie, neoinstitucionální teorie, teorie duálního trhu, teorie efektivity mezd, instituce trhu práce
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rates and labour allocation, has been among the most significant characteristic features of labour
markets in recent decades. The labour market economics built its paradigm on the principles of
marginalism, which brought suitable instruments for the analysis of market agents’ individual
decisions capable of achieving effective solutions. Smith’s “invisible hand” has gradually been
limited by institutional interventions – by governments, corporations and trade unions with
government legislation, corporate personnel policies and collective bargaining. The expanding
regulatory interventions in the labour market and the effort to explain the reality leads inevitably
to the fact that the modern labour market economics incorporates more and more institutional
theories.
The contribution outlines the gradual invasion of neoinstitutional topics and theories into the
neoclassical labour market paradigm and it analyses the differences between the neoclassical
and institutional interpretation of labour market functioning. It presents the recent discussion
on the consequences for the labour market economic theory and formulates a conclusion about
the modified labour market economic paradigm.