Abstract: A case study of Australia and the Prices and Incomes Accord that was initiated there between the Labour Party and the unions. The evidence shows that both during the period of stagflation and during the period of structural adjustment the conditions for an incremental increase in workers’ control were met, and the predicted kind of control trade-off took place. The chapter also shows that the establishment of corporatism is feasible even in a country that is heavily marked by the liberalism of Anglo-Saxon traditions of industrial relations.

Keywords: Anglo-Saxon tradition, Australia, corporatism, industrial relations, Labour Party, liberalism, stagflation, structural adjustment, unions, workers’ control,