incomes policy

American  

noun

1. a government policy to curb inflation that relies on voluntary compliance rather than on mandatory wage, price, or profit controls.

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incomes policy British  

noun

1. See prices and incomes policy

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Etymology

Origin of incomes policy

First recorded in 1955–60

Example Sentences

With prices rising far faster than incomes, policy makers are concerned borrowers are taking on ever-larger amounts of debt, leaving them vulnerable to an economic downturn.

From Reuters • Sep. 30, 2021

Nixon is under increasing pressure from businessmen, foreign central bankers and some of his own Government colleagues, notably Federal Reserve Chairman Arthur Burns, to adopt an incomes policy.

From Time Magazine Archive

Said Carli: "In Italy, we have rediscovered the so-called incomes policy."

From Time Magazine Archive

"A young man might win himself a Nobel Prize for developing a workable incomes policy," says Paul Samuelson.

From Time Magazine Archive

By proper choice of functions and parameters we have succeeded in reproducing and hence illustrating the Van Schaaijk observation & analysis of the differential reaction of the exposed and sheltered sectors on incomes policy.

From Definition & Reality in the General Theory of Political Economy by Colignatus, Thomas