The Labor-Managed Economy: Essays

accumulation adjustment allocational efficiency analysis assets autonomous labor-managed firm B-owner behavior capital market capital stock capital-labor ratio capitalist firm cent ceteris paribus collective competitive constant returns context cooperative Cornell Cornell University corresponding cost course demand discussed dynamic economic surplus effect effort employment enterprise equal equation equilibrium equilibrium level expansion external financing factor factors of production Figure funds higher income per worker increase indifference curve industrial labor force labor incomes labor-managed economy Labor-Managed Market Economies locus long-run macroeconomic marginal productivity maximum ment national product optimal output ownership Participatory Economy participatory firm positive postulate price ceilings problem productivity of capital profits quadrant real income realistic refer relation resource allocation return to capital returns to scale scarcity rent Section sector self-financing self-managed firm short-run situation social property socialist solution structural surplus Theory of Labor-Managed tion U-owner Vanek variable wage rate Yugoslav Yugoslavia zero