Incomes policy is a term coined after the Second World War which covers a wide range of notions. Here it will be used in the sense that a government has a view about the sort of economic trends which are consistent with its objectives, and in particular about price stability or a reduction of the prevailing rate of inflation, and that it derives from this view certain targets for the development of incomes and takes steps to attain these targets through adequate policy measures. Although vague exhortations about restraints are thus excluded in this way the definition still covers a large number of experiments carried out in the postwar period .
KeywordsLabour Market Trade Union Small Country Price Policy Wage Increase
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