National Wages Policy in War and Peace
(1958) examines the thorny issue of inflation prevention, looking at a host of Western economies in the wartime and postwar period. It looks at the experience of national wage policies under a variety of different economic and social conditions, and concludes that a centrally administered national wages policy cannot be relied upon as a means of preventing inflation. It indicates that this may be achieved with the minimum interference with free collective bargaining if all parties, Government, trade unions and employers exercise their power with responsibility.