increase women's productivity, the firm increases their level of employment. In our efficiency-wage theory, women’s lower wages …

more performant than other types of firms. This paper draws on altruism and on the theory of incentives contracting to … explain why family firms perform better. Assuming that altruism only exists in family firms, we show that the strength of …

This is Chapter 4 from "Social Economics: An Alternative Theory" (St. Martin's Press, 1991). This chapter focuses on … altruism, trust, learning processes, and the values of "doing" and "being" - these last being contrasted with the neoclassical … emphasis on "having." Economic theory also needs to evolve along with - and to assist in the constructive evolution of - real …