Word: parkesian
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Dates: during 1930-1939
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...Since Big Business, in the Parkesian view, tends to restrict production and employment instead of cutting prices, and since 50 years of trust-busting have shown the impossibility of making them stay busted, another course becomes appropriate: "If a job in corporate industry constituted a property right . . . industrial managers would normally find it profitable to keep their workers fully occupied," thus expanding production, lowering prices. Parkes argues that workers would give up a fixed wage if they were free to choose their industries, guaranteed (within limits) a job, and if wages varied suitably with corporate profits...
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