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Escape from the Market

Escape from the Market

Hardcover

Business GeneralEconomics

ISBN10: 0521561515
ISBN13: 9780521561518
Publisher: Cambridge University Press
Published: Sep 12 1996
Pages: 242
Weight: 1.01
Height: 0.80 Width: 6.00 Depth: 9.00
Language: English
This book questions the conventional wisdom that in the heyday of laisez-faire capitalism wages were set by thorough going competition. Drawing on the experience of a key group of workers during industrialization, this book shows that even in the absence of trade unions, minimum wage legislation or unemployment insurance, wages do not always move with changes in the demand for and supply of labor. Workers and firms have good reasons to fix wages independently of market fluctuations.

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Business General