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

Eric A. Nilsson
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Eric A. Nilsson: Department of Economics, California State University, San Bernardino, CA 92407

Review of Radical Political Economics, 1996, vol. 28, issue 1, 20-50

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.

Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:28:y:1996:i:1:p:20-50

DOI: 10.1177/048661349602800102

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