Master's Theses

Document Type

Thesis - campus only access

Date of Award

Spring 1971

Degree Name

Master of Science (MS)

Department

Economics, Finance, & Accounting

Advisor

Archie C. Thomas

Abstract

John Kenneth Galbraith introduced this concept of countervailing power in the book “American Capitalism”. Since then it has rapidly become accepted as a new theory which equalizes the distributional shares in the market process. This thesis is devoted to developing the meaning of the concept and applying the theoretical operation of the concept to three areas of actual labor-management disputes. After concluding this application, the author has reached the conclusion that the theory in itself can only accomplish its proposed results under specific economic conditions.

Comments

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Rights

© 1971 Michael C. Cavell

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