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INDUSTRIAL RELATIONS, THE LAW AND GOVERNMENT STRATEGY
Author(s) -
GREGORY ROY
Publication year - 1985
Publication title -
the political quarterly
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.373
H-Index - 37
eISSN - 1467-923X
pISSN - 0032-3179
DOI - 10.1111/j.1467-923x.1985.tb02332.x
Subject(s) - constitution , power (physics) , unemployment , government (linguistics) , economics , industrial relations , labour law , political science , law , law and economics , labour economics , political economy , economic growth , linguistics , philosophy , physics , quantum mechanics
“A monetary policy that would break the coercive power of the unions by producing extensive and protracted unemployment must be excluded, for it would be politically and socially fatal. But if we do not succeed in curbing union power at its source, the unions will soon be faced with a demand for measures that will be much more distasteful to individual workers, if not the union leaders, than the submission of the unions to the rule of law: the clamor will soon be either for the fixing of wages by governments for the complete abolition of the unions.” F. A. Hayek, The Constitution of Liberty