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Escape from the Market Michael Huberman (Universite de Montreal)

Escape from the Market By Michael Huberman (Universite de Montreal)

Escape from the Market by Michael Huberman (Universite de Montreal)


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Summary

This book questions the idea that wages were set by thoroughgoing competition in the heyday of laissez-faire capitalism. Drawing on the experience of workers during industrialisation, this book shows that workers and firms have good reasons to fix wages independently of market fluctuations.

Escape from the Market Summary

Escape from the Market: Negotiating Work in Lancashire by Michael Huberman (Universite de Montreal)

At the outset of the industrial revolution the Lancashire labour market was a model of thoroughgoing competition. Wages adjusted quickly and smoothly to changes in the demand for and supply of labour. Within two generations, however, workers and firms had retreated from the market. Instead of busting wages, firms paid fixed rates; instead of breaking ties on short notice, workers sought longer-term associations. Social norms - doing the right thing - protected and preserved the fresh labour market arrangements. This book explains the causes and effects of changes in the labour market in the context of developments in labour economics and fresh research in social and economic history.

Escape from the Market Reviews

Review of the hardback: 'This book is a contribution to a major debate which has both historical and contemporary dimensions. Huberman's argument is buttressed by both economic theory and substantial amounts of evidence.' History
Review of the hardback: ' an important book and an eloquent argument to be reckoned with by all historians of nineteenth- and twentieth-century Western economies'. Pat Hudson, English Historical Review

Table of Contents

List of figures; List of tables; Preface; Glossary; List of abbreviations; 1. Introduction: the myth of the Lancashire labour market; Part I. Labour Market Failure?: 2. Custom against the market: the early labour market; 3. Principals and agents: the labour market into the second generation; 4. Who's minding the mill? The supervision problem; Part II. The Economics of Piece-Rate Bargaining: 5. The fair wage model; Part III. How Did Labour Markets Really Work?: 6. Fair and unfair wages: 182550; 7. Short hours and seniority in the 'hungry 'forties'; 8. Rules and standards: wage lists in Lancashire; Part IV. Conclusion: 9. More lessons from the cotton mills; Notes; Bibliography; Index.

Additional information

NPB9780521561518
9780521561518
0521561515
Escape from the Market: Negotiating Work in Lancashire by Michael Huberman (Universite de Montreal)
New
Hardback
Cambridge University Press
1996-09-12
242
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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