Alternative Systems of Business Organization and of Workers' Renumeration
By: James Edward Meade (author)Hardback
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Examining the relationship between employment and rates of pay, this book discusses how the choice between different forms of business organization may affect this relationship. For the purposes of the discussion a simple model of an imperfectly competitive economy is constructed and then examined in operation with different organizational forms for the competing firms. Chapters cover the following: The Captialist Wage Economy; The Non-Discriminating Labour Co-operative; The Capitalist Sharing Economy; Discriminating Labour-Capital Partnerships.
1. Introduction* Note on the Principles of Discrimination and Non-Discrimination* Note on Notation2. The Structure of the Model(a) The Market Structure(b) The Welfare Measure(c) The Production Function(d) The Demand 3. The Capitalist Wage Economy(a) The Nature of the Capitalist Wage Economy(b) The Capitalist Wage Economy with Unemployment and a Given Number of Firms(c) The Capitalist Wage Economy with Unemployment and a Market-Determined Number of Firms(d) The Full-Employment Capitalist Wage Economy with a Given Number of Firms(e) The Full-Employment Capitalist Wage Economy with a Market-Determined Number of Firms4. The Non-Discriminating Labour Co-Operative(a) The Nature of a Non-Discriminating Labour Co-operative(b) The Instability of the Non-Discriminating Labour Co-operative Economy(c) Reconciliation with the Classical Analysis of Labour Co-operatives(d) Full-employment in a Non-Discriminating Labour Co-operative Economy(e) Factors Affecting the Number of Co-Operatives(f) Concluding Observations on the Non-Discriminating Labour Co-operative5. The Capitalist Sharing Economy(a) Two Forms of the Capitalist Sharing Economy(b) The Capitalist Sharing Economy with Rigid Pay Parameters and Full Employment(c) The Capitalist Sharing Economy with Rigid Pay Parameters and Full Employment(d) The Effect of Rigid Pay Parameters on the Number of Firms(e) Competition with Fixed-Wage Firms(f) Survival through Flexibility of the Pay Parameters(g) Full Employment through Full Flexibility(h) Concluding Observations on the Capitalist Share Economy6. Discriminating Labour (a) The Objectives of Discriminating Labour (b) Outline of a Pure Discriminating Labour-Capital Partnership(c) Partial Discriminating Labour (d) The Implications of Security of Employment(e) Some Remaining Conflicts of Interest(f) Participation in Decision-Making(g) The Implications of the Principle of Discrimination(h) Concluding Observations on Discriminating Labour
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