Rethinking Industrial Relations, or at least the British radical frame

2018 ◽  
Vol 39 (4) ◽  
pp. 577-598
Author(s):  
Bruce E Kaufman
Keyword(s):  
Explanatory Power ◽  
Industrial Relations ◽  
Critical Evaluation ◽  
Wave Theory ◽  
Social Mobilization ◽  
Long Wave ◽  
Long Run ◽  
Mobilization Theory ◽  
Marxian Political Economy ◽  
General Work

This article provides a short overview of the analysis in John Kelly’s 1998 book Rethinking Industrial Relations ( RIR) of long-run cycles and trends in worker collective mobilization and conflict, Kelly’s development of a model to explain these patterns, the model’s integrative combination of ideas drawn from Kondratiev long wave theory, Marxian political economy, and Tilly’s sociological model of social mobilization theory, and the book’s central prediction – a resurgence in union growth and industrial conflict. The second part of the article provides a critical evaluation of RIR as a general work in industrial relations theory, the strengths and weaknesses of Kelly’s theoretical model, and an assessment of its empirical explanatory power. The conclusion is that RIR provides an insightful conceptual framework for studying worker mobilization but falls short in both theory and empirical explanation because of defects in its Marxian/long wave foundation and overly British-centric focus.

scholarly journals Competing Marxist Theories on the Temporal Aspects of Strike Waves: Silver’s Product Cycle Theory and Mandel’s Long Wave Theory

2019 ◽  
Vol 10 (1) ◽  
Author(s):  
Eddie Cottle
Keyword(s):  
South African ◽  
Turning Point ◽  
Industrial Revolution ◽  
Explanatory Power ◽  
Wave Theory ◽  
Product Cycle ◽  
The South ◽  
Capitalist Development ◽  
Long Wave ◽  
Temporal Aspects

Despite the profound changes in capitalist development since the industrial revolution, strike waves and mass strikes are still a feature of the twenty-first century. This article examines two Marxist theories that seek to explain the temporal aspects of strike waves. In the main, I argue that Silver’s product cycle theory, suffers from an over-determinism, and that turning point strike waves are not mainly determined by lead industries. Mandel’s long wave theory argues that technological innovations tend to cluster and thus workers in different industries feature prominently in strike waves. By re-examining and comparing two competing Marxist theories on the temporality of strike waves and turning points, I will attempt to highlight the similarities but also place emphasis on where the theories differ. I examine the applicability of the theories to the South African case, and reference recent world events in order to ascertain the explanatory power of the competing theories. In the main I argue that Silver’s product cycle lead theory does not fit the South African experience. KEYWORDS  turning point strike waves; product cycle; long waves; capitalism

scholarly journals Does COVID-19 as a Long Wave Turning Point Mean the End of Neoliberalism?

2020 ◽  
pp. 089692052098008
Author(s):  
Sadık Kılıç
Keyword(s):  
Turning Point ◽  
Political Action ◽  
Labor Relations ◽  
Industrial Relations ◽  
Wave Theory ◽  
Fourth Section ◽  
Political Actors ◽  
The Third ◽  
Long Wave ◽  
Theory Framework

The author claims that the COVID-19 pandemic could cause neoliberalism to break, based on four arguments addressed in four sections. The first section demonstrates that such a break is possible within the long wave theory framework. The second section points out that the neoliberal long wave was created by certain social and political actors from the 1980s onward and has already entered the downswing period since 2008. The third section shows that COVID-19 creates an economic crisis that causes an ideological transformation that further weakens neoliberalism. The fourth section emphasizes that the attitudes of industrial relations actors (and conflicts between them) will affect the shaping of the post-COVID-19 period. As a result, the trade union political action will be crucial in the coming years to revive themselves and create more regulated capital–labor relations.

scholarly journals IPO’s Long-Run Performance: Hot Market versus Earnings Management

2021 ◽  
Vol 14 (3) ◽  
pp. 132
Author(s):  
Tsai-Yin Lin ◽  
Jerry Yu ◽  
Chia-Yi Lin
Keyword(s):  
Earnings Management ◽  
Information Asymmetry ◽  
Explanatory Power ◽  
Market Condition ◽  
Relative Importance ◽  
Long Run ◽  
Hot Market

One of the IPO-related anomalies that have been well-discussed in the finance literature is the IPO’s long-running underperformance. Two of the major explanations of that phenomenon are: “Hot market” and earnings management. This study investigates the relative importance of these two explanations to the IPO’s long-run underperformance. Our results show that although both hot market and earnings management play a role in explaining IPO’s long-run performance in their own rights, earnings management no longer exhibits significant explanatory power when the IPOs are issued in the cold market. While the IPOs that are issued in the hot market still tend to underperform in the long run even if the firms do not engage in earnings management. Our findings are consistent with the literature related to the information asymmetry in IPO market. And, because the information asymmetry is more severe in hot market condition, IPOs issued in hot market tend to exhibit poorer returns than those issued in cold market.

Reducing the Impact of Unemployment through Work-Sharing: Some Industrial Relations Considerations

1983 ◽  
Vol 25 (2) ◽  
pp. 153-161 ◽  
Author(s):  
Noah M. Meltz ◽  
Frank Reid
Keyword(s):  
Local Level ◽  
Industrial Relations ◽  
National Level ◽  
Economic Benefits ◽  
Firm Level ◽  
Labour Relations ◽  
Work Sharing ◽  
Long Run ◽  
Short Run ◽  
The Impact

The Canadian Government has introduced a work-sharing program in which lay offs are avoided by reducing the work week and using unemployment insurance funds to pay workers short-time compensation. Compared to the lay-off alternative, there appear to be economic benefits to work-sharing for both management and employees. Reaction to the scheme has been generally positive at the union local level and the firm level, but it has been negative at the national level of both labour and management. These divergent views can be explained mainly as a result of short-run versus long-run perspectives. Managers at the firm level see the immediate benefit of improved labour relations and the avoidance of the costs of hiring and training replacements for laid-off workers who do not respond when recalled. The national business leaders are more concerned with work incentive and efficiency aspects of work-sharing.

Nanotechnology, Long Waves, and Future of Manufacturing Industry

2020 ◽  
pp. 2053-2080
Author(s):  
Cem Okan Tuncel ◽  
Ayda Polat
Keyword(s):  
Manufacturing Industry ◽  
Wave Theory ◽  
Comparative Case Study ◽  
Industrialized Countries ◽  
Capitalist Development ◽  
Mena Countries ◽  
Newly Industrialized Countries ◽  
Long Wave ◽  
The Impact

This study concerns the long wave theory of capitalist development with an aim to discuss and analyze the impact of nanotechnology on manufacturing industry. Long wave theory was asserted by Russian economist Kondratieff and it states the capitalist development with subsequent cycles which last 40 to 60 years each. The theory of Kondratieff was also contributed by other scholars as Schumpeter, Freeman, and Perez. Our research attempts to review how nanotechnology contributes economic growth, and how it changes the structure of manufacturing industry at the eve of the sixth Kondratieff wave. This structure was examined by using comparative case study of European Union, East Asian Newly Industrialized Countries and Middle East and North African (MENA) countries.

scholarly journals RUN-UP OF PERIODIC WAVES ON BEACHES OF NON-UNIFORM SLOPE

1984 ◽  
Vol 1 (19) ◽  
pp. 23 ◽  
Author(s):  
Yoshinobu Ogawa ◽  
Nobuo Shuto
Keyword(s):  
Experimental Data ◽  
Wave Theory ◽  
Breaking Waves ◽  
Lagrangian Description ◽  
Periodic Waves ◽  
Swash Zone ◽  
Slope Method ◽  
Long Wave ◽  
Run Up ◽  
Better Than

Run-up of periodic waves on gentle or non-uniform slopes is discussed. Breaking condition and run-up height of non-breaking waves are derived "by the use of the linear long wave theory in the Lagrangian description. As to the breaking waves, the width of swash zone and the run-up height are-obtained for relatively gentle slopes (less than 1/30), on dividing the transformation of waves into dissipation and swash processes. The formula obtained here agrees with experimental data better than Hunt's formula does. The same procedure is applied to non-uniform slopes and is found to give better results than Saville's composite slope method.

scholarly journals Agro-industrialisation and financial intermediation in Nigeria

2020 ◽  
Vol 11 (3) ◽  
pp. 443-456 ◽  
Author(s):  
Ngozi Adeleye ◽  
Evans Osabuohien ◽  
Simplice Asongu
Keyword(s):  
Agricultural Sector ◽  
Explanatory Power ◽  
Value Added ◽  
Annual Data ◽  
Industrial Output ◽  
Industrial Growth ◽  
Content Type ◽  
Long Run ◽  
The Government

PurposeThe study aims to analyse the role of finance in the agro-industrialisation nexus in Nigeria using annual data on manufacturing value added, agricultural value added and volume of finance availed to the agricultural sector from 1981 to 2015.Design/methodology/approachTo establish the presence of a long-run relationship, the error correction model and bounds cointegration techniques are employed. Likewise, the model is augmented to test whether the associated relationship between industrial output and agricultural output depends on access to finance by farmers with the inclusion of an interaction term.FindingsSome salient contributions to the literature are as follows: agriculture and finance are strong and positive predictors of industrialisation in the long run; in the short run, past realisations of industrial output and finance have significant asymmetric effects on industrial output; the explanatory power of agriculture decreases with the growth of the financial system; and the long-run results validate the role of finance in the agro-industrialisation nexus.Originality/valueGiven these findings, achieving growth in the agricultural sector that will induce desired industrialisation should be prioritised by the government through agencies such as the central bank, financial intermediaries and other stakeholders with a view to making agricultural financing a major concern for sustainable domestic consumption and industrial growth.

Structural Change and its Impact on Industrial Relations

1992 ◽  
Vol 17 (1) ◽  
pp. 3-14
Author(s):  
C S Venkata Ratnam
Keyword(s):  
Structural Change ◽  
Industrial Relations ◽  
Macroeconomic Policy ◽  
Policy Changes ◽  
Economic Changes ◽  
Industrial Policies ◽  
Long Run ◽  
The Impact

The National Seminar on Economic Changes, Employment and Industrial Relations focused on the impact of macroeconomic policy changes on employment and industrial relations in the short as well as in the long run. This background paper by C S Venkata Ratnam argues for the need to bring .about changes in labour policies in tune with the industrial policies.

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