Markets and Diversity
Publisher: Harvard University Press
Published: July 15, 2004
Language: eng
Format: Hardcover
Number of pages: 370
ISBN-13: 9780674010758
Subjects: Labour economics; Labor market; Diversity in the workplace; Business & Economics; Business / Economics / Finance; Business/Economics; Economics - Theory; Labor; Business & Economics / Economics / Theory
Description: "A staunch neoclassical economist, Sherwin Rosen drew inspiration from Adam Smith's Wealth of Nations, particularly his theory of compensating wage differentials, which Rosen felt was central to all economic problems involving product differentiation and spatial considerations. The main theme of his collection is how markets handle diversity, including the determination of value in the presence of diversity, the allocation of idiosyncratic buyers to specialized sellers, and the effects of heterogeneity and sorting on inequality."--BOOK JACKET.