Escape From The Market
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| Originally published | September 12, 1996 |
| Authors | Michael Huberman |
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| Date of Upd. | |
| ID | 3135806 |
About Escape From The Market
At the outset of the industrial revolution the Lancashire labour market was a model of thoroughgoing competition. Wages adjusted quickly and smoothly to changes in the demand for and supply of labour. Within two generations, however, workers and firms had retreated from the market. . . .