Monopsony in Motion
Editorial Reviews
Review
Richard Disney, Nottingham University : This is a fine book, revealing a breadth of scholarship and vision. It pulls many threads together in labour economics to offer a thought-provoking re-evaluation of how labour economists approach many topics, including market power, wage distributions and wage equations, and the economics of education and training. As such it should appear on the syllabi of graduate labour economics programmes.
Coen N. Teulings, General Director, Tinbergen Institute, Amsterdam : The best way to appreciate the value of this book is to go to its first table. There, the author provides an overview of what textbooks in labor economics have to say about monopsony and imperfect competition--not all that much. In that light, Alan Manning's book fills a real gap in the discipline. The book shows that the monopsony model provides a simple alternative explanation for a number of well-known stylized facts of labor markets.
Alan Krueger, Princeton University : [This book] is bound to propel the idea that labor markets are imperfectly competitive into a new orbit. Students and scholars will benefit from Alan Manning's clear presentation and dispassionate analysis for years to come.
Coen N. Teulings, General Director, Tinbergen Institute, Amsterdam : Alan Manning's book fills a real gap in the discipline. The book shows that the monopsony model provides a simple alternative explanation for a number of well-known stylized facts of labor markets.
David Card, University of California, Berkeley, coauthor of "Myth and Measurement" : This book pushes a conservative field as hard as possible to adopt a more open attitude toward imperfect competition in the labor market. By leading creative younger scholars to think 'outside the box', it could well become a classic. Carefully organized and well written, it includes an impressive amount of new empirical material on many different aspects of the labor market. Manning has devoted considerable thought to the question of what imperfect competition means for real-world behavior.
Juan J. Dolado, Universidad Carlos III de Madrid, Co-Director of the "CEPR Labour Economics Programme" : This is a splendid book. The careful mix of theoretical background and new ways to interpret the empirical evidence provides a unique treatment of the working of the labour market that departs from most other textbooks guided by the competitive paradigm.
Review
Given the breadth and depth of the issues Manning covers--clearly, a staggering amount of work went into this book--even skeptical readers will not be able to dismiss his theory lightly. . . . The book is so well written that even the most complicated material in it is readable. The presentation is also commendably well balanced. . . . [It] deserves a place on our bookshelves alongside the other seminal works in labor economics.
Monopsony in Motion
Monopsony in Motion,Alan Manning,Princeton University Press,0691113122,Business & Economics,Business / Economics / Finance,Business/Economics,Economics - General,Free Enterprise,Labor & Industrial Relations - General,Labor economics,Labor market,Mathematical models,Monopsonies,Wages,Business & Economics / Economics / General,Economics
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