File Name: labour economics and industrial relations .zip
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Later version available View entry history. Labour economics studies the demand and supply for the most important factor of production, human beings. Since the days of Marshall and indeed of Smith, if not earlier, economists have recognized that one cannot analyse the market for labour, without taking account of such issues as social relations of production, long-term contractual arrangements, problems of effort and motivation, as well as institutions like unions and internal labour markets, which differentiate the labour market from a bourse.
The newer name, "employment relations" is increasingly taking precedence because "industrial relations" is often seen to have relatively narrow connotations. This is sometimes seen as paralleling a trend in the separate but related discipline of human resource management. In addition, employee relations is often perceived as dealing only with non-unionized workers, whereas labour relations is seen as dealing with organized labour , i. Industrial relations examines various employment situations, not just ones with a unionized workforce. However, according to Bruce E.
Air Force. West Speaker: Dr. His most recent project has been a new introduction for a primary source book on the Winnipeg General Strike, and he currently is working on a biography of Canadian labour leader A. George Street Speaker: Lawrence M. Blau, Lawrence M.
PDF | The study of the employment relation has always held a somewhat between labour economics and industrial relations as separate fields of study.
Labour economics seeks to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied by labourers in exchange for a wage paid by demanding firms. Labour markets or job markets function through the interaction of workers and employers. Labour economics looks at the suppliers of labour services workers and the demanders of labour services employers , and attempts to understand the resulting pattern of wages, employment, and income.