Explain how the wage rate is determined in the neoclassical labor market and political economy models. Be sure to explain in what way power does or does enter into these models
Assignment 2 Explain how the wage rate is determined in the neoclassical labor market and political economy models. Be sure to explain in what way power does or does enter into these models. Bonus question: can you explain how politics/law (“government” in the Samuels 1989 paper) enters in the one model and not the other?