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Never think in social terms without thinking in economics terms. Never think in economic terms without thinking in social terms. — Motto of French confederation of manaDis- gerial employees, from K. Braunâs Labour putes and Their Settlement. It is a great honour to give the Edward Shann Memorial Lecture and it is fitting that I should draw the theme of my address from what Shann had to say about wage fixation in his An Economic History of Australia. The book was first published in 1930 and when I was an undergraduate at the University of Melbourne, it was the main text on Australian economic history. It made a strong impression on me - a very readable book, an elegant style, but more important, a work which pointed to the limits set by economic factors on political, social and industrial objectives. The issues raised in his chapter on wage fixing are still alive today. Shann and Wage Fixing Shann was particularly critical of early arbitration decisions especially those of Mr Justice Higgins, because they appeared to be made in defiance of economic considerations. &dquo;In 1907&dquo;, he said, &dquo;a Judge of the High Court of Australia, presiding over a Federal
Asia Pacific Journal of Human Resources – Wiley
Published: Feb 1, 1983
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