The question of what effect if any trade unions have on the functional distribution of income is an old one. Conventional production theory suggests that the presence of a monopoly element on the supply side of a particular labour market may well raise wages but in the long run any factor...

This paper presents evidence on the impact of trade unions on wageshare under different collective bargaining arrangements, using a Kaleckian degree og monopoly framework. Comparable results are presented for union impact on wage levels and from these inferences are drawn about how the impact on...

As an attempt at linking together profitability, income distribution and economic crisis the work of Weisskopt (1979) represents a very important seminal contribution to the literature. In a cunningly simple model Weisskopt assesses the importance of three major Marxist explanations of economic...