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Incomes policy: the wider issues
Author(s) -
Llewellyn David T.
Publication year - 1970
Publication title -
industrial relations journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.525
H-Index - 3
eISSN - 1468-2338
pISSN - 0019-8692
DOI - 10.1111/j.1468-2338.1970.tb00255.x
Subject(s) - allowance (engineering) , economics , inflation (cosmology) , government (linguistics) , incomes policy , public economics , economic policy , macroeconomics , price level , operations management , linguistics , physics , philosophy , theoretical physics
This article summarises some of the more important economic options open to the Government. The author is especially critical of the incomes policy approach and of the exaggerated fears of inflation which exist in many quarters. He suggests alternative policy options and concludes that a certain amount of inflation should be regarded as an integral part of the system, and that it should be institutionalised with appropriate allowance for its interanal and external harmful effects.