IDEAS home Printed from https://ideas.repec.org/a/fan/spespe/vhtml10.3280-spe2024-002009.html
   My bibliography  Save this article

The Conventionalist Approach in the Analysis of Unemployment

Author

Listed:
  • Alessandro Morselli

Abstract

The purpose of this paper is to show the contribution of the conventionalist approach to the analysis of unemployment. The role of labor evaluations is highlighted. This approach leads to very different economic policy positions than those developed by neoclassical theory. Emphasis will be placed on microeconomic aspects, but in order to act in a macroeconomic context, i.e. that of conventions. In contrast to a Keynesian analysis oriented more on the quantitative problems of labor market disequilibrium, the effort here will be to show the importance of qualitative issues.

Suggested Citation

  • Alessandro Morselli, 2024. "The Conventionalist Approach in the Analysis of Unemployment," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2024(2), pages 149-161.
  • Handle: RePEc:fan:spespe:v:html10.3280/spe2024-002009
    as

    Download full text from publisher

    File URL: http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=76939&Tipo=ArticoloPDF
    Download Restriction: Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Stiglitz, Joseph E, 1987. "The Causes and Consequences of the Dependence of Quality on Price," Journal of Economic Literature, American Economic Association, vol. 25(1), pages 1-48, March.
    2. Jean-Paul Fitoussi, 2006. "Macroeconomic Policies and Institutions," 'Angelo Costa' Lectures Serie, SIPI Spa, issue Lect. VII.
    3. Yellen, Janet L, 1984. "Efficiency Wage Models of Unemployment," American Economic Review, American Economic Association, vol. 74(2), pages 200-205, May.
    4. François Eymard-Duvernay, 1989. "Conventions de qualité et formes de coordination," Revue Économique, Programme National Persée, vol. 40(2), pages 329-360.
    5. Alessandro Morselli, 2021. "Growth and institutional changes: a historical evolution," Brazilian Journal of Political Economy, Center of Political Economy, vol. 41(2), pages 292-313.
    6. George A. Akerlof, 1982. "Labor Contracts as Partial Gift Exchange," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 97(4), pages 543-569.
    7. Olivier Favereau & Emmanuel Lazega (ed.), 2002. "Conventions and Structures in Economic Organization," Books, Edward Elgar Publishing, number 2235.
    8. Alessandro Morselli, 2022. "An Institutionalist-Conventionalist Approach to the Process of Economic Change," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 411-428.
    9. Piore, Michael J, 1973. "Fragments of a "Sociological" Theory of Wages," American Economic Review, American Economic Association, vol. 63(2), pages 377-384, May.
    10. Christian Licoppe, 2001. "Pratiques et trajectoires de la grande distribution dans le commerce alimentaire sur Internet. Vers un autre modèle de coordination pour le commerce électronique ?," Revue économique, Presses de Sciences-Po, vol. 52(7), pages 191-211.
    11. Pasquale Tridico, 2009. "Flessibilità e istituzioni nel mercato del lavoro: dagli economisti classici agli istituzionalisti," Economia & lavoro, Carocci editore, issue 1, pages 113-113.
    12. repec:dau:papers:123456789/5180 is not listed on IDEAS
    13. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
    14. Alessandro Morselli, 2017. "From Keynes to a theoretical-political approach to conventional economics," Policy Studies, Taylor & Francis Journals, vol. 38(6), pages 622-639, November.
    15. Christian Licoppe, 2001. "Pratiques et trajectoires de la grande distribution dans le commerce alimentaire sur Internet. Vers un autre modèle de coordination pour le commerce électronique ?," Revue Économique, Programme National Persée, vol. 52(1), pages 191-211.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Diane Rodet, 2015. "Solidarity economy and its qualities: a sector s' diversity analysed using "quality devices" [L'économie solidaire et ses qualités : diversité d'un secteur analysé au regard de ses dispos," Working Papers halshs-02329772, HAL.
    2. Canegallo, Claudia, 1999. "Funzionamento del mercato del lavoro in presenza di informazione asimmetrica. Una rassegna della letteratura," POLIS Working Papers 8, Institute of Public Policy and Public Choice - POLIS.
    3. J. Barkley Rosser, 2003. "A Nobel Prize for Asymmetric Information: The economic contributions of George Akerlof, Michael Spence and Joseph Stiglitz," Review of Political Economy, Taylor & Francis Journals, vol. 15(1), pages 3-21.
    4. Greenwald, Bruce C. & Stiglitz, Joseph E., 1987. "Imperfect information, credit markets and unemployment," European Economic Review, Elsevier, vol. 31(1-2), pages 444-456.
    5. William T. Dickens & Lawrence F. Katz, 1987. "Inter-Industry Wage Differences and Theories of Wage Determination," NBER Working Papers 2271, National Bureau of Economic Research, Inc.
    6. Robert Salais, 1989. "L'analyse économique des conventions du travail," Revue Économique, Programme National Persée, vol. 40(2), pages 199-240.
    7. Joseph E. Stiglitz, 1989. "Symposium on Microeconomics: 1 Reflections on the State of Economics: 1988," The Economic Record, The Economic Society of Australia, vol. 65(1), pages 66-72, March.
    8. Claudio Bellia & G. Fabiola Safonte, 2015. "Prodotti agroalimentari e segni distintivi di qualit?. Dimensione economica dei prodotti contrassegnati da marchi dop/igp in forza delle normative comunitarie e strategie di valorizzazione," Economia agro-alimentare, FrancoAngeli Editore, vol. 17(1), pages 81-105.
    9. Breton, Albert, 1995. "Organizational hierarchies and bureaucracies: An integrative essay," European Journal of Political Economy, Elsevier, vol. 11(3), pages 411-440, September.
    10. Jean-Sébastien Lenfant, 2017. "Early Debates on Quality, Market Coordination and Welfare in the U.S. in the 1930s," Working Papers hal-01763828, HAL.
    11. W. Bentley MacLeod, 2007. "Reputations, Relationships, and Contract Enforcement," Journal of Economic Literature, American Economic Association, vol. 45(3), pages 595-628, September.
    12. Gerlach, Knut & Schmidt, Elke Maria, 1989. "Unternehmensgröße und Entlohnung," Mitteilungen aus der Arbeitsmarkt- und Berufsforschung, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 22(3), pages 355-373.
    13. Gerlach, Knut & Schmidt, Elke Maria, 1989. "Unternehmensgröße und Entlohnung," Mitteilungen aus der Arbeitsmarkt- und Berufsforschung, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 22(3), pages 355-373.
    14. Schlicht, Ekkehart, 1992. "Wage Generosity," Munich Reprints in Economics 3165, University of Munich, Department of Economics.
    15. Joseph E. Stiglitz, 1993. "Post Walrasian and Post Marxian Economics," Journal of Economic Perspectives, American Economic Association, vol. 7(1), pages 109-114, Winter.
    16. Anna Nagurney & Dong Li, 2014. "Equilibria and dynamics of supply chain network competition with information asymmetry in quality and minimum quality standards," Computational Management Science, Springer, vol. 11(3), pages 285-315, July.
    17. Monika Janičíková, 2014. "Asymmetric information within Initial Public Offerings [Asymetrická informace při primárních emisích akcií]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2014(2), pages 81-91.
    18. Becchetti, Leonardo & Ciciretti, Rocco & Hasan, Iftekhar, 2009. "Corporate social responsibility and shareholder's value: an empirical analysis," Bank of Finland Research Discussion Papers 1/2009, Bank of Finland.
    19. Omar Al-Ubaydli & John A. List, 2019. "How natural field experiments have enhanced our understanding of unemployment," Nature Human Behaviour, Nature, vol. 3(1), pages 33-39, January.
    20. Goldsmith, Arthur H. & Veum, Jonathan R. & Darity, William Jr., 2000. "Working hard for the money? Efficiency wages and worker effort," Journal of Economic Psychology, Elsevier, vol. 21(4), pages 351-385, August.

    More about this item

    JEL classification:

    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fan:spespe:v:html10.3280/spe2024-002009. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefania Rosato (email available below). General contact details of provider: http://www.francoangeli.it/riviste/sommario.aspx?IDRivista=121 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.