THEORIES OF TRADE UNIONISM:
Political Revolutionary Theory of Labour Movement of Marx and Engels: This theory is based on Adam Smith’s theory of labor value. Its short run purpose is to eliminate competition among labor and the ultimate purpose is to overthrow capitalist businessman.
Webbs Theory of Industrial Democracy: Webb’s book Industrial Democracy is the bible of trade unionism. According to him, trade unionism is an extension of democracy from political sphere to industrial sphere.
Cole’s Theory of Union Control of Industry: Cole’s views are given in his book World Labour 1913. His views are some where in between Webb and Marx. He agrees that unionism is class struggle and the ultimate is the control of industry by labor and not revolution as predicted by Marx.
Common’s Environment Theory: He was skeptical of generalization and believed only that which could be proved by evidence. He agreed that collective bargaining was an instrument of class struggle but he summarized that ultimately that there will be partnership between employers and employees.
Mitchell’s Economic Protection Theory of Trade Unionism: Mitchell, a labor leader, completely rejected individual bargaining. According to him unions afford economic protection to.
Simon’s Theory of Monopolistic Anti-Democratic Trade Unionism: He denounced trade unionism as monopoly founded on violence and claimed monopoly power has no use save abuse.
Hoxie’s Functional Classification of Unionism: He classified unionism on the basis of their functions. His classifications were Business Unionism for protecting the interest of various craftsmen, “uplift unionism” for the purpose of contributing better life such association of sales engineers etc.