This interdisciplinary study aims to systematize sociological approaches to the study of labour markets and define what sociology of labour markets should be. Particular emphasis is given to recent research on labour markets and to work which tries to explain how labour markets actually function. The book focuses on the values that make labour markets what they are - the values that lie behind everything from discrimination to state policies on education, and which help to decide who get good jobs, who get bad jobs and who get no jobs at all.