Labour Union Power and Cost-Inflation

Edward H. Chamberlin
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Edward H. Chamberlin: Harvard University

Chapter Chapter 14 in Inflation, 1962, pp 221-232 from Palgrave Macmillan

Abstract: Abstract Trade union structure varies in different countries, and the role of labour union power in inflation varies accordingly. This is true not merely with respect to the amount of power, but, much more important, with respect to its nature and to the context in which it operates. The conditions envisaged in this paper are mainly those of the economy of the U.S.A. However, I believe (and hope) that the arguments presented will have general validity wherever similar conditions are found. It will be assumed that stable prices are desirable, with no rebuttal attempted against those who like inflation (only a little, of course, and not too fast). The definition of inflation is also not discussed — it does not appear necessary to limit the positions here taken by tying them to any particular definition.

Keywords: Labour Market; Market Power; Trade Union; Collective Bargaining; Labour Income (search for similar items in EconPapers)
Date: 1962
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DOI: 10.1007/978-1-349-08455-5_14

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