This classic work of industrial economics, first published in 1920, offers a clear and insightful analysis of the causes and consequences of labor disputes. Pigou argues that such disputes arise from a failure of the market to accurately reflect the true costs and benefits of labor. He proposes a variety of methods for resolving disputes and promoting industrial peace, from government mediation to collective bargaining. This book remains a valuable resource for scholars, policymakers, and anyone interested in the economics of labor markets. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.