EVOLUTION OF THE LABOR MARKET CATEGORY IN ECONOMIC THOUGHT

Анотація

In the history of economic studies, there were various concepts, theories and schools, the basis of which evolution was based on differences in the methodology and methods of analysis, in the knowledge of the subject and the object of research, the role of the nature of work and the functioning mechanism of the labor market. A significant contribution was made by the founders of classical political economy to the understanding of the labor market functioning mechanism, who for the first time began to consider the category of "labor market" at the scientific level. The definition of the labor market, given by K. Marx, was taken as a basis many years ago when researching the labor force category and was defined as the most complete and correct, and it remains so today. The theoretical postulates of K. Marx's theory still remain the basis of the modern views of the majority of scientists regarding the essence of work and the labor market. A significant contribution to the definition of the labor market functioning mechanism was made by J. M. Keynes and his school, who developed their own powerful concept of economic regulation, and the Keynesian model of the labor market and employment is based on the need for government intervention in the management of macroeconomic processes. Monetarists had opposite positions to Keynesians, denying the need for state intervention in macroeconomic activity due to the fact that the market economy is a self-adjusting system, a price mechanism that determines the rational level of employment, and the use of monetary policy tools is necessary to balance the labor market. The institutional sociological school proposes to solve employment problems through institutional reforms; she brought two modifications to economic thought – the "contract theory of employment" and the "theory of the flexible labor market", which are still relevant today. Among modern domestic researchers, there is still no consensus on the definition of the labor market and its main elements. The main problematic points that cause the most controversy remain the same since classical times, and the ways of overcoming unemployment and leveling its consequences have not yet been found, and the achievement of full employment in the economy is still unattainable, and the measures developed by the analyzed schools of economics remain relevant, therefore it makes sense to carefully analyze them in order to borrow effective mechanisms. Objective – сomprehensive definition of the labor market category in a retrospective section in order to increase its content. General scientific methods were used as research methods: comparison, analysis and synthesis, generalization, analytical, descriptive, typification, grouping.

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