This book questions the conventional wisdom that in the heyday of laisez-faire capitalism wages were set by thorough going competition. Drawing on the experience of a key group of workers during industrialization, this book shows that even in the absence of trade unions, minimum wage legislation or unemployment insurance, wages do not always move with changes in the demand for and supply of labor. Workers and firms have good reasons to fix wages independently of market fluctuations.
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Editorial Reviews
Review
"In Escape From the Market, Michael Huberman brings together a great deal of the recent economic literature on labor markets and combines it with recent work on the social history of the Lancaster textile industry." Susan Wolcott, H-Net Reviews
"Michael Huberman refines and elaborates upon his previous research on work relationships in early Victorian Lancashire. He elegantly combines history, economic history, economic theory, and institutional analysis to provide a view of work arrangements in cotton textile manufacturing that is more rich and complex than other writers have achieved. The sophistication and objectivity of his analysis provide a model for scholars." L. Lynne Kiesling, Jrnl of Eco Hist
"Michael Huberman refines and elaborates upon his previous research on work relationships in early Victorian Lancashire. He elegantly combines history, economic history, economic theory, and institutional analysis to provide a view of work arrangements in cotton textile manufacturing that is more rich and complex than other writers have achieved. The sophistication and objectivity of his analysis provide a model for scholars." L. Lynne Kiesling, Jrnl of Eco Hist
Book Description
This book questions the conventional wisdom that in the heyday of laisez-faire capitalism wages were set by thorough going competition. Drawing on the experience of a key group of workers during industrialisation, this book shows that even in the absence of trade unions, minimum wage legislation or unemployment insurance, wages do not always move with changes in the demand for and supply of labour. Workers and firms have good reasons to fix wages independently of market fluctuations.
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Inside This Book
(learn more)
First Sentence:
Q. Do not wages essentially depend on supply and demand? Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
fair wage model, coarse spinning, coarse spinners, yarn stocks, rural mills, fine spinners, disaggregated series, restricting effort, male spinners, eliciting effort, fine spinning, inferior cotton, common mules, elicit effort, urban mills, effort norms, modern labor markets, urban firms, long mules, coarse yarn, trade circular, withholding effort, unit fixed costs, working short time, efficiency wage models Key Phrases - Capitalized Phrases (CAPs): (learn more)
East Indian, Sedgwick Factory, French Wars, Golden Age, United States, Andrew Ure, Sea Island, Henry Ashworth, The Cotton Trade of Great Britain, Thomas Ellison, Manchester University Press, Oxford University Press, Patrick Joyce, The History of Wages, University of California New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Q. Do not wages essentially depend on supply and demand? Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
fair wage model, coarse spinning, coarse spinners, yarn stocks, rural mills, fine spinners, disaggregated series, restricting effort, male spinners, eliciting effort, fine spinning, inferior cotton, common mules, elicit effort, urban mills, effort norms, modern labor markets, urban firms, long mules, coarse yarn, trade circular, withholding effort, unit fixed costs, working short time, efficiency wage models Key Phrases - Capitalized Phrases (CAPs): (learn more)
East Indian, Sedgwick Factory, French Wars, Golden Age, United States, Andrew Ure, Sea Island, Henry Ashworth, The Cotton Trade of Great Britain, Thomas Ellison, Manchester University Press, Oxford University Press, Patrick Joyce, The History of Wages, University of California New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Citations (learn more)
This book cites 94
books:
See all 94 books this book cites
4
books
cite this book:
- Knowing British History: Industrial Revolution v. 7 by S.L. Case on 6 pages
- The Industrial Revolution (Reading History) by Pat Hudson on 6 pages
- The Industrial Revolution: Ideas That Changed the World by Robert R. Ingpen on 5 pages
- The Labor Market As a Social Institution (The Royer Lectures) by Robert M. Solow on 5 pages
- Cotton Trade of Great Britain (Library of Industrial Classics) by J. A. Mann on 5 pages
See all 94 books this book cites
- Understanding the Industrial Revolution by Dr Charles More on page 69
- Advances in Economics and Econometrics: Theory and Applications: Seventh World Congress (Econometric Society Monographs) (Volume 2) by David M. Kreps on page 111
- Understanding the Industrial Revolution by Dr Charles More on page 69
- Coercion, Contract, and Free Labor in the Nineteenth Century (Cambridge Historical Studies in American Law and Society) by Robert J. Steinfeld on page 70
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