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Deindustrial...
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formerly un...
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industrial ...
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dis-empowered...
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Corporations could threaten pla...
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win—strikes when ...
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not merely the use of the big stick
number of carrots
offered to labourers as i...
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break with collectiv...
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unions’ rigi...
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bureaucratic st...
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vulnerable to...
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lack of flex...
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often as much a disadvantage for individual labourers as ...
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virtuous ...
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flexible specia...
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labour pr...
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flexitime arra...
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could become part of the neolibe...
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persuasive to individual ...
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who had been excluded from the mono...
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strong unionization sometimes...
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Greater freedom and liberty of action in the labour market could be touted as a virtue for capital and labour alike, and here, too, it was not hard to integrate neo-liberal values ...
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active poten...
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converted into a highly exploitative system of flex...
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key to explaining
why real wages,
stagnated ...
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benefits dimi...
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Neoliberal theory conveniently holds that unemployment is always voluntary. Labour, the argument goes, has a ‘reserve price’ below which it prefers not to work. Unemployment arises because the reserve price of labour is too high. Since that reserve price is partly set by welfare payments (and stories of ‘welfare queens’ driving Cadillacs abounded) then it stands to reason that the neoliberal reform carri...
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demanded some ra...
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war of ideas did play an impo...
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economic ideas marshalled in support of the ...
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B...
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complex fusion of monetarism ...
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rational expectations (Rob...
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public choice (James Buchanan, and Go...
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less resp...
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‘supply-side’ ideas of Art...
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went so far as to suggest that the incentive effects of tax cuts would so increase economic activity as to automatically increase tax revenu...
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acceptable com...
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government intervention was the problem rather th...
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‘a stable monetary policy, plus radical tax cuts in the top brackets, would prod...
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getting the in...
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entrepreneurial activity aligne...
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business ...
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Wall Street ...
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took up these...
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open ad...
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