Search results for "Market process"
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Transition and Constitution in School/Work Relations
2012
In every industrial society, there must exist some kind of a transitional mechanism between the demand for and supply of a labour force, that is, a mechanism that facilitates the transition from school to work and from job to job both inside and outside the labour force. There are at least two main ways of organising such a school-labour network. The first way follows the pattern of a marketplace, that is, the labour market process is an extension of the existing market of commodities. In this pattern, the fundamental question in the marketplace relates to buying and selling and to pricing. The second way in which a school-labour network can be organised is based on the idea of a social gua…
Intervención coactiva en el mercado: procesos, modalidades y efectos
2021
Developing Böhm-Bawerk’s (1914) Macht oder ökonomisches Ge-setz, we characterize the different intervention modalities as coercive «fixing» of prices, goods (quantities or modes of performing) or persons, also with their effects. Given that the subjective but real forces underlying market processes respond with effects which are opposite to those pursued, the «intervener» or controller would be induced to an in crescendo «fixing» of more and more as-pects of reality. We also show fractional reserve (banking) as another kind of intervention, since it produces or induces the same effects, including a call to implement monopolistic schemes.
 Key words: Market Process, Böhm-Bawerk, Interve…