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This is a history of America's use of wage and price controls from colonial times to Richard Nixon's experiment with controls in the 1970s. It explores the impact of controls on prices and productivity, side-effects such as the growth of black markets and the expansion of government, and the relationship between controls and monetary policy. The central conclusion is that, contrary to the conventional wisdom, there are situations where the net effect of controls can be positive. In particular, temporary controls may reduce the unemployment and lost output usually associated with disinflation.
Wage-price policy --- 331.14 --- 332.27 --- 380.3 --- US / United States of America - USA - Verenigde Staten - Etats Unis --- Incomes policy --- Jawboning --- Price-wage policy --- Wage-price controls --- Wage-price guidelines --- Anti-inflationary policies --- Economic policy --- History --- Geschiedenis van de prijzen, de lonen en de verdeling van de rijkdom --- Loonpolitiek --- Prijsbeleid --- Arts and Humanities --- History.
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The Squeezed Middle brings together leading experts from both sides of the Atlantic to ask what the UK can learn from the US experience of stagnating wages and rising living costs.
Cost and standard of living --- Working class --- Wages --- Wage-price policy --- Low-income consumers --- Disadvantaged consumers --- Poor as consumers --- Consumers --- Incomes policy --- Jawboning --- Price-wage policy --- Wage-price controls --- Wage-price guidelines --- Anti-inflationary policies --- Economic policy --- Government policy --- E-books
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The attempt to establish a 'new social contract' between the Government and the unions, with a view to stabilising the economy and restraining industrial militancy, emerged as a burning issues of contemporary British politics during the 1970s. This study uncovers the roots of this development in the incomes policies of successive post-war Governments, especially of the 1964-70 Labour Government, and traces the way in which wage restraint was secured from the unions, or imposed upon them, in the context of the attempted registration of the unions within the existing economic and political order. Professor Panitch concentrates on the crucial role of the Labour Party and shows how Labour's incomes policies, and industrial relations generally, have derived less from a concern with socialist economic planning than from the Party's 'integrative' ideology, its rejection of the concept of class struggle in favour of affecting a compromise between the different classes in British society.
Wage-price policy --- Labor policy --- Labor --- State and labor --- Economic policy --- Incomes policy --- Jawboning --- Price-wage policy --- Wage-price controls --- Wage-price guidelines --- Anti-inflationary policies --- History. --- Government policy --- Labour Party (Great Britain) --- Britanskai︠a︡ rabochai︠a︡ partīi︠a︡ --- British Labour Party --- Eikoku Rōdōtō --- Labor Party (Great Britain) --- Leĭboristskai︠a︡ partii︠a︡ Anglii --- Leĭboristskai︠a︡ partii︠a︡ Velikobritanii --- LPV --- Mifleget ha-laibor (Great Britain) --- Parti travailliste britannique --- Partido Laborista (Great Britain) --- Partido Laborista Británico --- Yŏngguk Nodongdang --- 工黨 (英國) --- Labour Representation Committee (Great Britain : 1900-1906) --- Social Sciences --- Political Science
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Written by Anne Romanis Braun, a former staff member of the IMF's Research Department, this volume deals with the nature of wage determination and the problem of securing an economically appropriate development of money incomes in an open economy over the medium term.
Wage formation --- Economic policy and planning (general) --- Wage-price policy --- Wages --- Prix et salaires, Politique des --- Politique salariale --- Government policy --- Business & Economics --- Labor & Workers' Economics --- AA / International- internationaal --- 332.20 --- 332.221 --- 332.27 --- 339.21 --- Bezoldiging van de arbeid: algemeenheden. --- Indexering van de lonen. Glijdende loonschaal. --- Loonpolitiek. --- Ongelijkheid en herverdeling van vermogens en inkomens. Inkomensbeleid. --- Incomes policy --- Jawboning --- Price-wage policy --- Wage-price controls --- Wage-price guidelines --- Compensation --- Departmental salaries --- Earnings --- Pay --- Remuneration --- Salaries --- Wage-fund --- Wage rates --- Working class --- Income --- Labor costs --- Compensation management --- Cost and standard of living --- Prices --- Anti-inflationary policies --- Economic policy --- Bezoldiging van de arbeid: algemeenheden --- Indexering van de lonen. Glijdende loonschaal --- Loonpolitiek --- Ongelijkheid en herverdeling van vermogens en inkomens. Inkomensbeleid --- E-books --- Loonvorming --- Economische politiek en planning (algemeen) --- Wages - Government policy - Europe --- Wage-price policy - Europe --- Foreign Exchange --- Inflation --- Labor --- Macroeconomics --- Production and Operations Management --- Money and Monetary Policy --- Wages, Compensation, and Labor Costs: General --- Price Level --- Deflation --- Aggregate Factor Income Distribution --- Employment --- Unemployment --- Intergenerational Income Distribution --- Aggregate Human Capital --- Aggregate Labor Productivity --- Labor Economics: General --- Unemployment: Models, Duration, Incidence, and Job Search --- Labour --- income economics --- Currency --- Foreign exchange --- Monetary economics --- Wage adjustments --- National accounts --- Economic theory --- Labor economics --- United States --- Income economics
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