The Labor-Managed Firm: Theoretical Foundations
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- Synopsis
-
In previous work, Gregory K. Dow created a broad and accessible overview of worker-controlled firms. In his new book, The Labor-Managed Firm: Theoretical Foundations, Dow provides the formal models that underpinned his earlier work, while developing promising new directions for economic research.
Emphasizing that capital is alienable while labor is inalienable, Dow shows how this distinction, together with market imperfections, explains the rarity of labor-managed firms. This book uses modern microeconomics, exploits up-to-date empirical research, and constructs a unified theory that accounts for many facts about the behavior, performance, and design of labor-managed firms. With a large number of entirely new chapters, comprehensive updating of earlier material, a critique of the literature, and policy recommendations, here Dow presents the capstone work of his career, encompassing more than three decades of theoretical research.
Represents a substantial advance over previous theoretical work in the field so that readers may appreciate the use of game theory, the economics of information, and other contemporary tools.
Grounds its theory in a large body of reliable empirical knowledge.
Bases its policy ideas on reliable empirical knowledge and sophisticated economic theory.
- Copyright:
- 2018
Book Details
- Book Quality:
- Publisher Quality
- ISBN-13:
- 9781108506342
- Related ISBNs:
- 9781107132979, 9781107132979
- Publisher:
- Cambridge University Press
- Date of Addition:
- 06/15/18
- Copyrighted By:
- Gregory K. Dow
- Adult content:
- No
- Language:
- English
- Has Image Descriptions:
- No
- Categories:
- Nonfiction, Business and Finance
- Submitted By:
- Bookshare Staff
- Usage Restrictions:
- This is a copyrighted book.