Alternative Systems of Business Organization and of Workers' Renumeration.

Print version record.

Examining the relationship between employment and rates of pay, this book discusses how the choice between different forms of business organization may affect this relationship. For the purposes of the discussion a simple model of an imperfectly competitive economy is constructed and then examined in operation with different organizational forms for the competing firms. Chapters cover the following: The Captialist Wage Economy; The Non-Discriminating Labour Co-operative; The Capitalist Sharing Economy; Discriminating Labour-Capital Partnerships.

Cover; Title page; Copyright page; Contents; Preface; I Introduction; Note on Notation; Note on the Principles of Discrimination and Non-Discrimination; II The Structure of the Model; (a) The Market Structure; (b) The Welfare Measure; (c) The Production Function; (d) The Demand-Management Structure; III The Capitalist Wage Economy; (a) The Nature of the Capitalist Wage Economy; (b) The Capitalist Wage Economy with Unemployment and a Given Number of Firms; (c) The Capitalist Wage Economy with Unemployment and a Market-Determined Number of Firms; Note on the Cost of Entry of a New Firm

(F) Concluding Observations on the Non-Discriminating Labour Co-operative(b) The Instability of the Non-Discriminating Labour Co-operative Economy; V The Capitalist Sharing Economy; (a) Two Forms of the Capitalist Sharing Economy; (b) The Capitalist Sharing Economy with Rigid Pay Parameters and Unemployment; (c) The Capitalist Sharing Economy with Rigid Pay Parameters and Full Employment; (d) The Effect of Rigid Pay Parameters on the Number of Firms; (e) Competition with Fixed-Wage Firms; (f) Survival through Flexibility of the Pay Parameters

Note on a Geometrical Illustration of the Adjustment of a Flexible s Parameter in a Pure Share Economy(g) Full Employment through Full Flexibility; (h) Concluding Observations on the Capitalist Share Economy; VI Discriminating Labour-Capital Partnerships; (a) The Objectives of Discriminating Labour-Capital Partnerships; (b) Outline of a Pure Discriminating Labour-Capital Partnership; (c) Partial Discriminating Labour-Capital Partnerships and the Distribution of Risks; (d) The Implications of Security of Employment; (e) Some Remaining Conflicts of Interest; (f) Participation in Decision-Making

(G) The Implications of the Principle of Discrimination(h) Concluding Observations on Discriminating Labour-Capital Partnerships; Select Bibliography; Index

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