The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Labour Discipline

  • Peter Hans Matthews
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2605

Abstract

Although economists in different fields, or from different schools, use different words to describe the phenomenon, there is widespread agreement that workers can, and sometimes do, ‘contest’ the sale of their labour power to employers. The question of how employers maintain ‘labour discipline’ in such an environment has intrigued economists since at least Marx’s time.

Keywords

Asymmetric information Capitalism Contested transactions Effort extraction problem Employment rent Hobbes, T. Incentive compatibility Kalecki, M. Labour discipline Labour market contracts Loyalty Marx, K. Supervision Unemployment 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Peter Hans Matthews
    • 1
  1. 1.