Desai, Meghnad and Holler, Manfred J (2002) Why capital hires labour and why labour does not hire capital. Homo oeconomicus, 18 (3/4). pp. 429-436. ISSN 0943-0180
Abstract
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.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.accedoverlag.de/en/2006/12/homo-oeconom... |
| Additional Information: | © 2002 Accedo |
| Library of Congress subject classification: | H Social Sciences > HC Economic History and Conditions |
| Sets: | Research centres and groups > LSE Global Governance Collections > Economists Online |
| Rights: | http://www.lse.ac.uk/library/rights/LSERO.htm |
| URL: | http://eprints.lse.ac.uk/7309/ |
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