Why Capital Hires Labour and Why Labour Does Not Hire Capital
It is shown that in an economy with non-marginal set-up costs on the capital side, which imply a minimum requirement of capital, production may be carried out by capitalist firms only, irrespective of the fact that workers can exchange work for capital so that labour-managed production seems feasible.
Year of publication: |
2002
|
---|---|
Authors: | Desai, Meghnad ; Holler, Manfred J. |
Published in: |
Homo Oeconomicus. - Institute of SocioEconomics. - Vol. 18.2002, p. 429-436
|
Publisher: |
Institute of SocioEconomics |
Saved in:
Saved in favorites
Similar items by person
-
Why capital hires labour, and why labour does not hire capital
Desai, Meghnad, (1995)
-
Why capital hires labour and why labour does not hire capital
Desai, Meghnad, (2002)
-
Why Capital Hires Labour and Why Labour Does Not Hire Capital
Desai, Meghnad, (2016)
- More ...