Coventry, United Kingdom

Labour Market (skills) Implications of a Shift Towards High Value Markets

Language: English Studies in English
University website: www.coventry.ac.uk
Labour
Labour or Labor may refer to the physiological process leading to childbirth. It may also refer to:
Market
Market (economics)
Value
Value or values may refer to:
Market
If the individual were no longer compelled to prove himself on the market, as a free economic subject, the disappearance of this kind of freedom would be one of the greatest achievements of civilization. The technological processes of mechanization and standardization might release individual energy into a yet uncharted realm of freedom beyond necessity. The very structure of human existence would be altered; the individual would be liberated from the work world's imposing upon him alien needs and alien possibilities. The individual would be free to exert autonomy over a life that would be his own.
Herbert Marcuse, One Dimensional Man (1964), p. 2
Market
The code-speak phrase "limit the influence of market forces" really means to arrange things OTHERWISE by leaving everything to free-market equilibration. A simple illustration is where a state wishes simply to defend its existence. This may call for various concepts of national self-sufficiency so that, for example, Japan may choose not to become entirely an importer of rice!
John Forbes Nash, on question "In what sphere of life, if any, do you think it most important to limit the influence of market forces?", in "Nobel Laureates Offer Views on the Economy", Wall Street Journal (Sept. 3, 2004)
Market
I believe that one ought to have only as much market efficiency as one needs, because everything that we value in human life is within the realm of inefficiency — love, family, attachment, community, culture, old habits, comfortable old shoes.
Edward Luttwak, cited in Corey Robin, "The Ex-Cons: Right-Wing Thinkers Go Left!", Lingua Franca 11,1 (Feb. 2001), pp.24-33,32.
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