Rethinking critical realism: Labour markets or capitalism? (original) (raw)

Earlier debate on critical realism has suggested the need for it to situate itself more fully in relation to both economic theory in general, and Marxist political economy in general. This is borne out in the following critique of Fleetwood's contribution on the subject of labour markets, which, it is argued, is insufficiently attentive to recent developments in mainstream labour-market theory, considerably undervalues the contributions made from within the Marxist tradition, and offers an alternative that fails to specify the extent to which labour markets are inextricably linked to the political economy of capitalism.