The Inflation-Unemployment Trade-off

  • Wilfred Beckerman
Part of the International Economic Association Series book series (IEA)


The case for incomes policies has invariably been based on the proposition that, given the normal wage bargaining process, there is a conflict between the objectives of price stability and full employment. Incomes policies are seen as providing the modification to the wage bargaining process that is needed to minimise this conflict.


Real Wage Full Employment Price Stability Import Price Wage Equation 
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Copyright information

© International Economic Association 1989

Authors and Affiliations

  • Wilfred Beckerman
    • 1
  1. 1.Balliol CollegeOxfordUK

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