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Let us start with a much-discussed recent version of the last-named school. The Wisconsin School feels dubious about Professor Lindblom's 1 thesis that American trade unionism, in continually pressing for improved conditions of employment, is bound to raise costs above the productivity point and, either through mass unemployment or else through inflation, ultimately cause a collapse of the private enterprise system. This prophecy of doom assumes that management is completely devoid of the power to hold back the pressure by the unions and that it lacks the wits to get in exchange for the packages granted to the unions the freedom to introduce cost-reducing changes in production methods, and further, that unions have inexhaustible strike funds and will be so purblind as to persist in digging their own, as well as their industry's, grave. True, the political wage is not un-
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