Fredrick Hayek wrote frequently on the consequences of trade unions, usually highly critical, making large claims about their very adverse economic and social impact. A close analysis of his work demonstrates that his judgments do not rest on a theory of trade unions which is clearly different...

This paper concerns the paradoxes and dilemmas that the very successful "Chinese model" presents for transition theory. The "Chinese model" is centered on the development of township-village enterprises. The main purpose of this paper is to make the case that TVE's are not just some form of...

The reasons for the growth of inter-enterprise debt analyzed. It is suggested that it results mainly from the appearance of normal trade credit in a liberalized economy, and when a monetary squeeze is part of a non-credible stabilization attempt. In the latter case the results can be a sharp...

Yields to maturity of a set of nominal and index linked gilts are used to obtain estimates of the term structures of nominal and real interest rates. These allow calculation of the term structures of nominal and real interest rates. These also allow calculation of expected inflation. The...

It has been widely assumed that the labour legislation of the 1980s has been a major catalyst for change in British industrial relations. The nature and extent of the law''s impact have usually been assumed and rarely been clearly articulated. This paper reports the results of part of a research...

There is a popular stereotype that at greenfield sites managers practice, and sustain over time new forms of human resource management and that in doing so they obtain highly positive performance outcomes. A persisting theme in this stereotype is that greenfield sites are characterised by a...

The huge growth of nationally representative survey datasets based upon individuals and households has not been matched in most industrialised countries by a similar development of establishment or enterprise-based surveys. In Britain the imbalance has been partially redressed by the Workplace...

The primary function of banks during economic transformation is seen to be provision of an efficient payment mechanism. The lack of banking skills, particularly in credit allocation, is seen as the major problem in achieving stable monetary systems. This is a problem which can be expected to...