This paper argues that the traditional social contract that underlies the free market economy has run its course and … needs to be replaced by a new contract, based on a new conception of the “empowering economy.” Whereas different social … multilateral agreements to tackle these problems. The paper identifies three inconvenient truths for the existing social contract …

This article is an idiosyncratic survey of the insider-outsider theory, describing the vision underlying the theory … been dead-ends and red herrings in past research. The first section deals with the theory, concerning how labor turnover … shocks. The second section deals with the insider-outsider theory in relation to two important economic institutions: unions …