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The Theory of Industrial Disputes

In: The Theory of Wages

Author

Listed:
  • J. R. Hicks

    (University of Oxford)

Abstract

It is now time for us to take a further step towards actuality. The equilibrium labour market, which we studied in the first chapters of this book, could never exist; it is merely a convenient abstraction, by which we can isolate for thorough examination some, but only some, of the fundamental factors at work. The free labour market, which we studied in Chapters III.-V., is, on the other hand, a real possibility; markets very similar in their working to this have existed and do exist. Yet it is hardly possible for a market to exist, as we have been supposing, in a condition of violent change, without competition being displaced to some extent by combination. The combination may be abortive, in which case the account already given is reasonably complete, apart from some rearrangement of motives; but if it is not abortive (and in advanced communities it is unusual for it to be so altogether) we have yet some significant strokes to add to our picture.

Suggested Citation

  • J. R. Hicks, 1963. "The Theory of Industrial Disputes," Palgrave Macmillan Books, in: The Theory of Wages, chapter 0, pages 136-158, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-00189-7_7
    DOI: 10.1007/978-1-349-00189-7_7
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    Cited by:

    1. Diego Velásquez Orellana & Domingo Pérez & Sebastián Link, 2022. "What tactical repertoire to use in strikes and when to use it? Strategies of workers and their mobilization power in Chile (2010–2018)," British Journal of Industrial Relations, London School of Economics, vol. 60(1), pages 78-98, March.

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