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The Causes of the New Inflation
The Solutions of Conventional Wisdom
The Governments Need for New Institutions
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accept adjudicator Allan Fels arbitration attempt Aubrey Jones average bargaining Bob Hepple body British capital cent Chapter Cmnd conciliation Conservative Government costs per unit Council countries criteria demand determined devaluation earnings effect elected example export fact firms Frank Wilkinson Government's gross domestic product higher important Incomes Board Incomes Commission incomes policy increase in prices increase in productivity Industrial Relations Act inflation inflationary investment judgement labour costs Labour Government legislation managements ment Minister monopolies Monopolies Commission national income National Incomes Commission NBPI norm parties pay and prices Pay Board pay increases political pressure Price Commission price increases prices and incomes private sector problem of inflation raised rate of increase rate of profit reduced reference rising prices rules sanctions settlement short-term social society standard strike taxes trade union leaders unemployment unit of output United Kingdom wage claims wage increases White Paper workers