Hostname: page-component-848d4c4894-p2v8j Total loading time: 0.001 Render date: 2024-06-06T08:31:58.726Z Has data issue: false hasContentIssue false
  • English
  • Français

Incomes Policies and Inflation

Published online by Cambridge University Press:  26 March 2020

Frank Blackaby
Frank Blackaby*
Affiliation:
National Institute of Economic and Social Research
Get access Rights & Permissions [Opens in a new window]

Extract

In recent years, the National Institute Economic Review, in its appraisal of the economic situation, has often taken the line either that an incomes policy was needed, or that existing incomes policies should be strengthened. The term ‘incomes policy’ is a vague one: and the main purpose of this article is to be more specific.

Type
Articles
Information
National Institute Economic Review , Volume 58 , November 1971 , pp. 34 - 53
Copyright
Copyright © 1971 National Institute of Economic and Social Research

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Bibliography

Books or articles are in alphabetical order of authors within each section. Items which include an econometric analysis of the effects of incomes policy are marked with an asterisk *.

Western economies generally

Ackley, G., ‘Stemming world inflation’, Atlantic Paper no. 2, the Atlantic Institute, 1971.Google Scholar
Corina, J., ‘Incomes policy—an international survey’, II politico, vol. XXXII, no. 3, 1967.Google Scholar
Hague, D.C., Inflation, proceedings of a conference held by the International Economic Association, London, Macmillan, 1962.Google Scholar
‘Wages policy at home and abroad’, National Westminster Bank Review, November 1962, pages 29–38.Google Scholar
Okun, A.M., Fowler, H.H., and Gilbert, M., Inflation; the problems it creates and the policies it requires, University of London Press, 1970.Google Scholar
Oecd, Wages and labour mobility, Paris, 1965.Google Scholar
Oecd, The problem of rising prices, Paris, 1961.Google Scholar
Oecd, Inflation, the present problem, Paris, December, 1970.Google Scholar
Oecd, Policies for price stability, Paris, November 1962.Google Scholar
Oecd, Policies for prices, profits and other non-wage incomes, Paris, 1964.Google Scholar
Oecd, Present policies against inflation, Paris, June 1971.Google Scholar
Saunders, C.T., ‘Incomes policies—what are they an instrument for?’, Economic planning and macroeconomic policy, vol. II, Japan Economic Research Center, 1970.Google Scholar
Ulman, L. and Flanagan, R.J., Wage restraint: a study of incomes policies in Western Europe, SAGE Publications, 1971.Google Scholar
Incomes in postwar Europe: a study of policies, growth and distribution, UN, Geneva, 1967.Google Scholar
On incomes policy-essays in honour of Erik Lundberg, Industrial Council for Economic Research, Stockholm, 1969.Google Scholar

United Kingdom

(a) pre-1960

Balogh, T., ‘Productivity and inflation’, Oxford Economic Papers, NS vol. 10, 1958.CrossRefGoogle Scholar
Cairncross, A.K., ‘Wages policy and inflation’, Scottish Journal of Political Economy, vol. 5, 1958, pages 81–4.Google Scholar
Dow, J.C.R., ‘Organising an opposition to price inflation’, Scottish Journal of Political Economy, vol. 5, 1958, pages 175–9.Google Scholar
Dunlop, J. T. (ed.), The theory of wage determination, London, Macmillan, 1957.CrossRefGoogle Scholar
Flanders, A., ‘Can Britain have a wage policy?’, Scottish Journal of Political Economy, vol. 5, 1958, pages 114–125.CrossRefGoogle Scholar
Flanders, A., ‘Wage movements and wage policies in postwar Britain’, The Annals of the American Academy of Political and Social Science, no. 310, March 1957, pages 87–98.CrossRefGoogle Scholar
Jack, D.T., ‘Wages policies: a comment’, Scottish Journal of Political Economy, vol. 5, 1958, pages 162–164.Google Scholar
Johnson, H.G., ‘Two schools of thought on wage inflation’, Scottish Journal of Political Economy, vol. 5, 1958, pages 149–153.Google Scholar
Lancaster, K., ‘Productivity geared wage policies’, Economica, NS vol. XXV, 1958, pages 199–212.CrossRefGoogle Scholar
MacDougall, G.D.A., ‘Inflation in the UK’, Economic Record, 1959.Google Scholar
Phelps Brown, E.H., ‘Wage drift’, Economica, vol. XXIX, November 1962, pages 339–56.Google Scholar
Roberts, B.C., National wages policy in war and peace, London, George Allen & Unwin, 1958.Google Scholar
Robertson, D.J., ‘The inadequacy of recent wage policies in Britain’, Scottish Journal of Political Economy, vol. 5, 1958, pages 104–113.CrossRefGoogle Scholar
Turner, H.A., ‘The inadequacy of recent wage theories’, Scottish Journal of Political Economy, vol. 5, 1958, pages 168–174.Google Scholar
Worswick, G.D.N., ‘Prices, productivity and incomes’, Oxford Economic Papers, NS vol. 10, 1958. (b) 1960-65CrossRefGoogle Scholar
Behrend, H., ‘Price and incomes images and inflation’, Scottish Journal of Political Economy, vol. 11, 1964.Google Scholar
Brechling, F. and Wolfe, J.N., ‘The end of stop-go’, Lloyds Bank Review, January 1965.Google Scholar
Fabian Society, A plan for incomes, Fabian Research Series, 1965.Google Scholar
Federation of British Industries, The search for a national incomes policy, London, FBI, 1964.Google Scholar
Robert Hall, ‘Incomes policy—the state of play’, Three Banks Review, March 1964.Google Scholar
Hawtrey, R., ‘An incomes policy’, Woolwich Economic Papers, no. 4, 1965.Google Scholar
Johnston, T., ‘Pay policy after the pause,’ Scottish Journal of Political Economy, vol. 9, February 1962, pages 1–16.Google Scholar
Kaldor, N., ‘A positive policy for wages and dividends' Essays onEconomic Policy, vol. I, London, Gerald Duckworth & Co. Ltd, 1964.Google Scholar
Knowles, K.G.J.C. and Robinson, D., ‘Wage rounds and wage policy’, Bulletin of the Oxford Institute of Statistics, vol. 24, 1962, pages 269–329.Google Scholar
Marris, R.L., Incomes policy and the rate of profit in industry, Reprint Series no. 238, University of Cambridge Department of Applied Economics, 1965.Google Scholar
Merrett, A.J. and Sykes, A., ‘Incomes policy and company profitability’, District Bank Review, no. 147, 1963, pages 18–30.Google Scholar
Political and Economic Planning ‘Wage policies in the public sector’, Planning Broadsheet, vol. XXXIX, June 1963.Google Scholar
Saunders, C.T., ‘Incomes policy and equity’, Westminster Bank Review, February 1965, pages 2–12.Google Scholar
Williams, B.R., ‘Prices and incomes’, District Bank Review, June 1965, pages 3–18.Google Scholar
Allen, R., ‘A de-escalation policy’, National Westminster Bank Review, August 1971.Google Scholar
Balogh, T., ‘Labour and inflation, Fabian Tract 403, 1970.Google Scholar
Behrend, H., Lynch, H., Thomas, H., and Davies, J., Incomes policy and the individual, Oliver and Boyd, 1967.Google Scholar
Behrend, H., Lynch, H., and Davies, J., ‘A national survey of attitudes to inflation and incomes policy’, Occasional Papers in Social and Economic Administration, no. 7, 1966.Google Scholar
Blackaby, F.T. and Artis, M.J., ‘On incomes policy’, District Bank Review, March 1968.Google Scholar
Bodkin, R.G., Bond, E.P., Reuber, G.N., and Robinson, T.R., Price stability and high employment: the options for Canadian economic policy. An econometric study, Special Study no. 5, prepared for the Economic Council.Google Scholar
Brechling, F., ‘Some empirical evidence on the effectiveness of price and incomes policies, paper read at the meeting of the Canadian Political Science Association, Montreal 1966.Google Scholar
Clegg, H., How to run an incomes policy and why we made such a mess of the last one, London, Heinemann, 1971.Google Scholar
Corina, J., Incomes policy, problems and prospects, Institute of Personnel Management, 1966.Google Scholar
Hollowood, B., ‘It could happen here’, National Westminster Bank Review, May 1971.Google Scholar
Hollowood, B., ‘Price control—or catastrophe’, National Westminster Bank Review, August 1970, pages 22–32.Google Scholar
Johnson, H. G. and Nobay, A. R. (eds.), The current inflation, London, Macmillan 1971.CrossRefGoogle Scholar
Aubrey Jones, ‘Interview’, The Banker, August 1966, pages 512–7.Google Scholar
Aubrey Jones, ‘Prices and incomes policy’, Economic Journal, December 1968.CrossRefGoogle Scholar
Layton, D., ‘Wages-fog or facts’, IEA Eaton Paper 7, 1967.Google Scholar
Lipsey, R.G. and Parkin, M., ‘Incomes policy: a reappraisal’, Economica, May 1970.CrossRefGoogle Scholar
Llewellyn, D.T., ‘Incomes policy, the wider issues’, Industrial Relations Journal, September 1970.CrossRefGoogle Scholar
Meade, J.E., ‘Wages and prices in a mixed economy’, IEA Occasional Paper 35, 1971.Google Scholar
Mitchell, J., ‘Why we need a prices policy’, Lloyds Bank Review, April 1969.Google Scholar
Paish, F.W. and Hennessy, J., ‘Policy for incomes’, IEA Hobart Paper 26, 1968.Google Scholar
Paish, F.W., ‘The rise and fall of incomes policy’, IEA Hobart Paper 47, 1969.Google Scholar
*66. Parkin, M., ‘Incomes policy, some further results on the determination of the rate of change of money wages’, Economica NS vol. XXXVII, 1970.Google Scholar
Phelps Brown, E.H., Collective bargaining reconsidered, Stamp Memorial Lecture, November 15, 1971, University of London Athlone Press, 1971.Google Scholar
Robertson, D.J., ‘Guideposts and norms contrasts in U.S. and U.K. wage policy’, Three Banks Review, no. 72, December 1966, pages 3–29.Google Scholar
Robinson, D., ‘Low paid workers and incomes policy’, Bulletin of the Oxford Institute of Statistics, February 1967.Google Scholar
Smith, D.C., ‘Incomes policy’, in Caves, R. E. (ed.), Britain's economic prospects, Brookings Institution, 1968.Google Scholar
TUC Incomes policy: report of a conference of executive committees and affiliated organisations, 2 March 1967.Google Scholar
Wallis, K.F., ‘Wages, prices and incomes policy: some comments’, Economica, August 1971.CrossRefGoogle Scholar
Weintraub, S., ‘A feasible anti-inflation incomes policy’, Lloyds Bank Review, January 1971.Google Scholar
Weintraub, S., ‘Incomes policy and the monetarist programme’, Bankers' Magazine, vol. CCX, no. 1547, August 1970, pages 71–76.Google Scholar

United Kingdom, Government

Council on Prices, Productivity and Incomes, First Report, London, HMSO, February 1958.Google Scholar
Council on Prices, Productivity and Incomes, Second Report, London, HMSO, August 1958.Google Scholar
Council on Prices, Productivity and Incomes, Third Report, London, HMSO, July 1959.Google Scholar
Council on Prices, Productivity and Incomes, Fourth Report, London, HMSO, July 1961.Google Scholar
Hmso, Incomes policy: the next step, Cmnd 1626, 1961.Google Scholar
Hmso, Machinery of prices and incomes policy, Cmnd 2577, 1965.Google Scholar
Hmso, Prices and incomes policy, Cmnd 2639, 1965.Google Scholar
Hmso, Prices and incomes policy: an early warning system, Cmnd 2808, 1965.Google Scholar
Hmso, Prices and incomes standstill, Cmnd 3073, 1966.Google Scholar
Hmso, Prices and incomes standstill: period of severe restraint, Cmnd 3150, 1966.Google Scholar
Hmso, Prices and incomes policy after 30th June 1967, Cmnd 3235, 1967.Google Scholar
Hmso, Productivity prices and incomes policy in 1968 and 1969, Cmnd 3590, 1968.Google Scholar
Hmso, Productivity, prices and incomes policy after 1969, Cmnd 4237, 1969.Google Scholar
Nbpi, First general report, April 1965-July 1966, Report no. 19, Cmnd 3807, HMSO, August 1966.Google Scholar
Nbpi, Second general report, July 1966-August 1967, Report no. 40, Cmnd 3394, HMSO, August 1967.Google Scholar
Nbpi, Third general report, August 1967-July 1968, Report no. 77, Cmnd 3715, HMSO, July 1968.Google Scholar
Nbpi, Fourth general report, July 1968-July 1969, Report no. 122, Cmnd 4130, HMSO, July 1969.Google Scholar
Nbpi, Fifth and final general report, July 1969-April 1971, Report no. 170, Cmnd 4649, HMSO, April 1971.Google Scholar
Nbpi, Productivity agreements, Report no. 36, Cmnd 3311, HMSO, June 1967.Google Scholar
Nbpi, Payment by results systems, Report no. 65, Cmnd 3627, HMSO, May 1968.Google Scholar
Nbpi, Job evaluation, Report no. 83, Cmnd 3772, HMSO, September 1968.Google Scholar
Nbpi, Productivity agreements, Report no. 123, Cmnd 4136, HMSO, August 1969.Google Scholar
National Incomes Commission, First Report, Cmnd 1994, HMSO, 1963.Google Scholar
National Incomes Commission, Second Report, Cmnd 2098, HMSO, 1963.Google Scholar
National Incomes Commission, Third Report, Cmnd 2317, HMSO, 1964.Google Scholar
National Incomes Commission, Fourth Report, Cmnd 2583, HMSO, 1965.Google Scholar

United States

Burns, A.F., ‘Wages and prices by formula’, Harvard Business Review, March-April 1965, pages 55–64.Google Scholar
Chamberlain, N.W., ‘Collective bargaining in the United States’, in Sturmthal, A. (ed.) Contemporary collective bargaining in seven countries, Ithaca, New York, Cornell University, 1957.Google Scholar
Douty, H.M., ‘Some problems of wage policy’, Monthly Labor Review, July 1962, pages 733–41.Google Scholar
Dunlop, J.T., ‘Policy problems: choices and proposals’, in American Assembly, Wages, prices, profits and productivity, New York, Columbia University, 1959.Google Scholar
Gabarino, J.W., ‘Income policy and income behaviour’, in Ross, A. M. (ed.) Employment policy and the labor market, SAGE Publications, 1965.Google Scholar
Gordon, R.J., ‘The recent acceleration of inflation and its lessons for the future’, Brookings Papers on Economic Activity, no. 1, 1970.CrossRefGoogle Scholar
Kerr, C., ‘Governmental wage restraints: their limits and uses in a mobilized economy’, American Economic Review, May 1952, pages 369–84.Google Scholar
Larry, R.H., ‘Do the Government's guidelines really guide?’, Personnel, Winter 1962, reprinted in Bowen, W.G., Labour and the National Economy, W. W. Norton, New York, 1965.Google Scholar
Markham, J.W., ‘Administered prices and the recent inflation’, in Commission on Money and Credit, Inflation, growth and employment, Prentice Hall, 1964.Google Scholar
Oberer, W.E., ‘Freedom and public policy: the rule of law and a “court of economics” for price-wage problems’, Industrial and Labour Relations Review, July 1963, pages 539–545.CrossRefGoogle Scholar
Perry, G.L., ‘The determinants of wage rate changes and the inflation-unemployment trade-off for the United States’, Review of Economic Studies, vol. XXXI, October 1964, pages 287–308.CrossRefGoogle Scholar
Perry, G.L., ‘Wages and guideposts’, American Economic Review, September 1967.Google Scholar
Pierson, G., ‘The effect of union strength on the U.S. Phillips curve’, American Economic Review, June 1968.Google Scholar
Pierson, F.C., ‘Wage-price policy approaches’, Monthly Labour Review, February 1963, page 140.Google Scholar
Rees, A., ‘Restraint and national wage policy’ in Bowen, W. G. (ed.) Labor and the national economy, W. W. Norton, New York, 1965.Google Scholar
Schultz, G.P. and Aliber, R.Z., Guidelines: informal controls and the market place, University of Chicago, 1966.Google Scholar
Simler, N.J. and Tella, A., ‘Labour reserves and the Phillips curve’, Review of Economics and Statistics, February 1968.CrossRefGoogle Scholar