Since 1945 preventing runaway wage inflation has been regarded as a
key policy in managing an economy in a successful way. The exact
nature of pay control has varied from country to country and from
time to time. This book, originally published in 1987, examines pay
control policies in major Western economies. It surveys
developments from 1945 and explores the aims of pay policies and
discusses the problems of implementation, comparing the different
kinds of policies. By comparing the performance of these different
approaches the book assesses the merits and pitfalls of the
different approaches.
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