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
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.
|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
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