The General Theory of Labor-managed Market Economies

Download or read book The General Theory of Labor-managed Market Economies written by Jaroslav Vanek and published by Ithaca : Cornell University Press. This book was released on 1970 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph presenting an economic theory in support of a new economic system based on workers' self-management (workers participation) - covers the equilibrium of a competitive enterprise and changing market conditions, the decentralization of decision making, labour supply functions, economic policy problems, 'income sharing' (wages) and wage incentive, the allocation of economic resources, legal aspects and basic institutional forms of the labour-managed economy, etc. Diagrams and references.