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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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  • Impact Factor (2019): 0.914
  • Economics and Econometrics SJR Quartile Score (2019): Q2
  • Scimago Journal Rank (2018): 0.311
  • SJR Hirsch-Index (2018): 11

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      Berlinger, Edina
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      Messerlin, Patrick A
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Corvinus University of Budapest
Department of Macroeconomics
Fővám tér 8, Budapest, H-1093, Hungary