Political economy

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Monograph

Identifikator:: 867647221

URN:: urn:nbn:de:zbw-retromon-93157

Document type:: Monograph

Author:: Chapman, Sydney John http://d-nb.info/gnd/123743141

Title:: Political economy

Place of publication:: London [u.a.]

Publisher:: Williams & Norgate [u.a.]

Year of publication:: 1912

Scope:: 1 Online-Ressource (255 Seiten)

Collection:: Economics Books

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PROBLEMS OF DISTRIBUTION 241 of rest. But unhappily their interplay generates heat, particularly when it is resisted, and may take place in an atmos phere of misunderstanding, so that the process of accommodation is broken and strikes and lock-outs all too frequently supervene. Moreover, an outbreak once entered upon, it is not unlikely that might instead of right will prevail. The practical problem which confronts us at the moment, with people’s prejudices and predilections as they are, would seem to be so to smooth the process whereby wages are naturally settled that appropriate decisions may be reached without cessation of work. In England much has been done by joint wages boards and voluntary conciliation to humanise and nationalise procedure in wages readjustments. In 1896 the Board of Trade was given a status for mediating, and in 1911 the official machinery for settling and preventing industrial disputes was strength ened by the appointment of a board represent ative of employers’ and workpeople’s interests. So far the action of mediators and of Government officials, in particular of late years, has had the most encouraging results. No compulsion is exercised : but it must be noted that special legislation was Q

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