1980s Unemployment and the Unions: Essays on the Impotent Price Structure of Britain and Monopoly in the Labour MarketSubtitle on cover: The distortion of relative prices by monopoly in the labour market. Distributor from label on title page. |
Contents
PREFACE Arthur Seldon | 7 |
Painful consequences for Britain of restoring | 15 |
Mild steady inflation cannot help it can lead | 23 |
Copyright | |
5 other sections not shown
Common terms and phrases
accelerating inflation achieved adaptation aggregate demand ARTHUR SELDON become believe Britain British economy British workers cause of unemployment coercion coercive powers commodities or services competition consumer costs created demand and supply depend deprived determined direction distribution of demand division of labour earn economic decline economists effect efficient efforts employed F. A. HAYEK force free market free society freedom freedom of association full employment function Hobart Paper impersonal incomes policy individual industry institutions justice Keynes labour market Legislation and Liberty longer maintain market economy market prices means ment misdirection monetary policy monopoly moral necessary Occasional Paper organisations output palliative ployment political politicians present price structure privileges problem production Professor Hayek pursuit of gain reduced relative wages requires resources as possible result reward Road to Serfdom sell social structure of relative tion trade unions unem union leaders wants wealth Western world