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Escape from the Market

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  • Huberman,Michael

Abstract

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. Instead of busting wages, firms paid fixed rates; instead of breaking ties on short notice, workers sought longer-term associations. Social norms - doing the right thing - protected and preserved the fresh labour market arrangements. This book explains the causes and effects of changes in the labour market in the context of developments in labour economics and fresh research in social and economic history.

Suggested Citation

  • Huberman,Michael, 2010. "Escape from the Market," Cambridge Books, Cambridge University Press, number 9780521142663.
    • Handle: RePEc:cup:cbooks:9780521142663
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    Cited by:

    1. Patrick Legros & Andrew F. Newman & Eugenio Proto, 2014. "Smithian Growth through Creative Organization," The Review of Economics and Statistics, MIT Press, vol. 96(5), pages 796-811, December.
    2. Suresh Naidu & Noam Yuchtman, 2011. "Coercive Contract Enforcement: Law and the Labor Market in 19th Century Industrial Britain," NBER Working Papers 17051, National Bureau of Economic Research, Inc.
    3. Seltzer, Andrew, 2010. "Did firms cut nominal wages in a deflationary environment?: Micro-level evidence from the late 19th and early 20th century banking industry," Explorations in Economic History, Elsevier, vol. 47(1), pages 112-125, January.
    4. Joan Ramon Rosés, 2003. "Regional industrialisation without national growth: The Catalan industrialization and the growth of Spanish economy (1830-1861)," Economics Working Papers 716, Department of Economics and Business, Universitat Pompeu Fabra.
    5. Begoña Álvarez & Fernando Ramos Palencia, 2016. "The role of human capital in pre-industrial societies: Skills and earnings in eighteenth-century Castile (Spain)," Working Papers 16.03, Universidad Pablo de Olavide, Department of Economics, Quantitative Methods and Economic History.
    6. Domenech, Jordi, 2005. "Labour market adjustment to economic downturns in the Catalan textile industry, 1880-1910: did employers breach implicit contracts?," Economic History Working Papers 22333, London School of Economics and Political Science, Department of Economic History.
    7. Geraghty, Thomas M., 2007. "The factory system in the British industrial revolution: A complementarity thesis," European Economic Review, Elsevier, vol. 51(6), pages 1329-1350, August.
    8. Toms, Steven, 2005. "Financial control, managerial control and accountability: evidence from the British Cotton Industry, 1700-2000," Accounting, Organizations and Society, Elsevier, vol. 30(7-8), pages 627-653.
    9. George R. Boyer, 1998. "The Historical Background of the Communist Manifesto," Journal of Economic Perspectives, American Economic Association, vol. 12(4), pages 151-174, Fall.
    10. Broadberry, Stephen & Ghosal, Sayantan & Proto, Eugenio, 2017. "Anonymity, efficiency wages and technological progress," Journal of Development Economics, Elsevier, vol. 127(C), pages 379-394.
    11. Michael Huberman, 1999. "Shame and Guilt in Lancashire: Enforcing Piece Rate Contracts," CIRANO Working Papers 99s-14, CIRANO.
    12. Rosés, Joan R., 1998. "The choice of tecnology in the Mediterranean basin : some evidence from the Spanish, Italian, British and us cotton mills(1830-1860)," IFCS - Working Papers in Economic History.WH 6182, Universidad Carlos III de Madrid. Instituto Figuerola.
    13. repec:eee:exehis:v:67:y:2018:i:c:p:105-133 is not listed on IDEAS
    14. Broadberry, Stephen & Ghosal, Sayantan & Proto, Eugenio, 2011. "Is Anonymity the Missing Link Between Commercial and Industrial Revolution?," The Warwick Economics Research Paper Series (TWERPS) 974, University of Warwick, Department of Economics.
    15. Toms, Steven, 2014. "‘Cold, Calculating Political Economy’: Fixed costs, the Rate of Profit and the Length of the Working Day in the Factory Act Debates, 1832-1847," MPRA Paper 54408, University Library of Munich, Germany.
    16. Douglas W. Allen & Yoram Barzel, 2007. "The Evolution of Criminal Law and Police," Working Papers UWEC-2008-01, University of Washington, Department of Economics.
    17. Michael Huberman, 2002. "Working Hours of the World Unite? New International Evidence on Worktime, 1870-1900," CIRANO Working Papers 2002s-77, CIRANO.

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