1. What we know and what we don't know about the firm -- 2. The extent of the market process -- 3. The 'specialisation deadlock' -- 4. Entrepreneurship and integration -- 5. Authority and hierarchy -- 6. The volatile character of the firm -- 7. Financing, ownership, and boundaries of the firm --...

In this paper we revisit the relationship between democracy, redistribution, and inequality. We first explain the theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail to be realized when democracy is captured by the...