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Labor Economics, George R. Boyer, Robert Smith

George R. Boyer

The authors hypothesize that most labor economists "sooner or later had to incorporate at least the appearance of institutional concerns in their papers to avoid indigestion whenever lunching with colleagues outside the field of economics" They add: "If the new interests of modern labor economics are in fact driven by the imperatives of science, then the institutionalist and the neoclassical approaches may well synthesize".