Chickens Coming Home to Roast (2003)

Geoffrey Harcourt

Chapter 15 in The Making of a Post-Keynesian Economist: Cambridge Harvest, 2012, pp 222-225 from Palgrave Macmillan

Abstract: Abstract The fire-fighters’ dispute (in 2003) is but a most visible symptom of fundamental and, as yet, unsolved problems of the British industrial relations and political systems. Nothing is to be gained by apportioning blame or blasting particular groups for being pig-headed, stupid or just plain greedy. The capitalist system is institutionalised greed, a characteristic which its admirers from Adam Smith to Milton Friedman – and now old and new Thatcherites – have singled out for praise, because of the desirable side effects which, they argue, result from it.

Keywords: Real Wage; Real Income; Full Employment; Inflation Target; Price Inflation (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-34865-3_16

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DOI: 10.1057/9780230348653_16

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