In the General Theory, John Maynard Keynes held money and real wage rates move in opposite directions. In expansion, prices increase faster because of increasing costs and a rise in the proportion of product going to profits. Neoclassical economists held similarly. Money illusion of workers...

Presents views on the framework for the analysis of industrial relations behavior. Interaction of the systems of communication in labor and management organizations; Relationship between union representatives and management representatives; Origins of a collective bargaining relationship....