FURTHER ANALYSIS OF THE SUPPLY OF LABOUR TO THE FIRM.

The article focuses on labor supplies for organizations. It states that there is a need for a predictive theory of labor supply and demand for individual organizations in order to solve problems such as labor turnover, wage and productivity drift, and unofficial strikes. It comments that newspaper descriptions of these problems rarely contain elements needed to predict particular cases or the generalization of particular processes. It mentions that labor theory proceeds from two perspectives, economic theory and institutional analysis, and that neither can give practical insights into labor issues faced by organizations.