The Labor-managed Economy: Essays

accumulation actual adjustment allocation analysis argument assets assume become capital capital-labor ratio capitalist cent collective comparative consider considerable constant corresponding cost countries course defined demand determined discussed distribution economy effect efficiency effort employment entire equal equilibrium example existing expansion expected external fact factor Figure financing force function funds further given growth hand higher important income income per worker increase indicated individual industrial interest investment labor labor-managed firm lead less locus long-run marginal maximization noted obtained operation output period positive possible present problem profits reasons refer relation respect result returns returns to scale sector self-managed short short-run shown significant situation social solution structural supply theory tion turn unit variable wage worker Yugoslav Yugoslavia zero