This post-disciplinary article goes beyond orthodox labour economics and combines insights from the ‘socio-economics of labour markets’ (SELM), and critical realism (CR), to develop a SELMCR perspective, which is then used to create an alternative conception of labour market institutions and an alternative model of labour markets, i.e. the SELMCR model.
1 For a quasi-orthodox view of LMIs, see Marsden (Citation1999). For non-orthodox ideas on institutions in general see Rutherford (Citation1999).
2 Anything can be measured but this is pointless if the measure is meaningless (Fleetwood & Hesketh, Citation2010, pp. 160–163).
3 This can involve economists ‘colonising’ other disciplines, transforming them into a version of economics—as in the case with the version of ‘political economy’ espoused by St Paul. This is not multi-disciplinarity, but ‘economics imperialism’ (Fine & Milonakis, Citation2009).
7 Despite differences in appearance, this model is entirely consistent with the model sketched in Fleetwood (Citation2011, p. 735, Figure ). Apparent differences are due to ‘telling two different stories’ as it were.
8 For a discussion of future labour markets, see Fleetwood (Citation2014b).
Marsden, D. (1999). A theory of employment systems: Micro-foundations of societal diversity. Oxford: Oxford University Press.
Wilson, N. (2007). Applying critical realism: Re-conceptualising the emergent English early music performer labour market. In C. Lawson, J. Latsis, & N. Martins (Eds.), Contributions to social ontology (pp. 304–323). London: Routledge.
Archer, M. (1998). Realism and morphogenesis. In M. Archer, R. Bhaskar, A. Collier, T. Lawson, & A. Norrie (Eds.), Critical realism: Essential readings (pp. 356–382). London: Routledge.