1963 | OriginalPaper | Buchkapitel
The Theory of Industrial Disputes
verfasst von : J. R. Hicks, M.A., B.Litt.
Erschienen in: The Theory of Wages
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.
Wählen Sie Textabschnitte aus um mit Künstlicher Intelligenz passenden Patente zu finden. powered by
Markieren Sie Textabschnitte, um KI-gestützt weitere passende Inhalte zu finden. powered by
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.