Classical political economy recognised that what needed analysing, explaining, and acting on was an economic system inextricably linked to the wider political and social systems. Smith and Ricardo, as well as Marx, saw class and the distribution of income as key. Neoclassical economics replaced...

This paper examines whether the supply side characteristics of the low paid are associated with the labour market wage setting institutions of five countries; Britain, Luxembourg, Germany, Spain and the USA, using the harmonised PAnel COmparability (PACO) data based on household panel studies...

Prevailing patterns of dispersed share ownership and rules of corporate governance for UK listed companies appear to constrain the ability of managers to make credible, long‐term commitments to employees of the kind needed to foster effective labour‐management partnerships. We present case...