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By way of presenting a fictitious story, this paper is ment to illustrate that in contrast to conventional wisdom, trade unions, in their symbiosis with capitalist firms, may further, rather than impede price-mediated self-regulation in the labour market via their involvement in wage-setting. Producer co-operatives, on the other hand, though might seem to represent a close collateral of fully unionised capitalist firms, should not be regarded as a viable alternative.

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