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The Breakdown of the U.S. Postwar System of Labor Relations: An Econometric Study

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  • Eric A. Nilsson

    (Department of Economics, California State University, San Bernardino, CA 92407)

Abstract

The loss of U.S. international hegemony was the major underlying cause of the decline of the U.S. postwar system of labor relations (i.e., the "capital-labor accord"). A fall in the cost of job loss and a weakening of the Keynesian State contributed only a little to the breakdown of the accord. Further, the decline of the accord was hastened by opportunistic attacks by individual capitalists even though these attacks hurt capitalists as a class by weakening institutions that contributed to profitable accumulation.

Suggested Citation

  • Eric A. Nilsson, 1996. "The Breakdown of the U.S. Postwar System of Labor Relations: An Econometric Study," Review of Radical Political Economics, Union for Radical Political Economics, vol. 28(1), pages 20-50, March.
    • Handle: RePEc:sae:reorpe:v:28:y:1996:i:1:p:20-50
    DOI: 10.1177/048661349602800102
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