State monopoly incomes policy conception and practice (in the context of Great Britain)

Incomes policy is a comparatively new trend in modern state monopoly control that has become quite common since the early 1960s. Dr. Burdjalov's book considers it from Bri tish experience. The basis of his analysis is a theoretical study of the reasons for the development of incomes policy, and of its main provisions, aims, etc. An important aspect of his work is its disclosure of the reasons why wage con trol has come to be the centre of incomes policy, and why this control frequently boils down in essence to a wage freeze. Other important aspects of incomes policy, however, are also subjected to thorough study.

The author's general conclusion is that British incomes policy has on the whole had very modest economic and social results, clearly incommensurable with the hopes put in it. This is seen as being due both to the unsoundness of the initial postulates of the incomes policy and to the very limited opportunities there are in practice for implementing such a policy in an antagonistic society with developed traditions of class struggle.