This book is a seminal work on industrial relations, written by a leading economist of the early 20th century. It argues that labor and capital are not in perpetual conflict, but have shared interests that can be realized through cooperation and collective bargaining. The book provides a framework for understanding the causes and effects of strikes, lockouts, and other forms of labor-capital conflict. This book is essential reading for scholars of economics and industrial relations.

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.

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