The political economy of wages and unemployment a neoclassical exploration
1. The problem labour monopoly might solve -- 2. The fall and rise of labour monopoly theory -- 3. How a wage bill hill creates a wage rate floor -- 4. Why the floor will fluctuate -- 5. How bargaining may build a ceiling instead of a floor -- 6. How foresight may (and may not) defeat the floor -- 7...
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| Format: | eBook |
| Language: | English |
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Cheltenham, U.K
Edward Elgar
2010
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| Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
| Summary: | 1. The problem labour monopoly might solve -- 2. The fall and rise of labour monopoly theory -- 3. How a wage bill hill creates a wage rate floor -- 4. Why the floor will fluctuate -- 5. How bargaining may build a ceiling instead of a floor -- 6. How foresight may (and may not) defeat the floor -- 7. Why the 'property-owning democracy' may nationalize capital rather than regulate labour -- 8. Unemployment as a benefit of unemployment benefits -- 9. Why the majority may choose the wage of the minority -- 10. Rigidity and volatility in the face of the cycle : a neoklassikal analysis -- 11. Labour monopoly as the source of money wage rigidity : a hypothesis -- 12. A concluding comment In this tightly argued work William Coleman explores the macroeconomic implications of politically based restraints on competition in labour markets |
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| Physical Description: | viii, 342 p ill |
| ISBN: | 9781849808118 9781848446571 |