ABSTRACT
The common theme running through this chapter is that the theory of markets in general, and labour markets in particular, requires consideration of the impact of non-market factors. Traditional supply and demand analysis, however sophisticated, is unacceptable when non-market relationships slip into the background and, ultimately, beyond the horizon. The market and non-market interact and mutually condition one another. Neither one can be legitimately taken as exogenous in order to examine the other.
