Why Capital (Usually) Hires Labor: An Assessment of Proposed Explanations

Gregory K. Dow and Louis Putterman ()

Discussion Papers from Department of Economics, Simon Fraser University

Abstract: Enterprises owned or run by workers are probably as old as capitalism itself, but they have never occfupied more than a small sector of any developed market economy. In this paper, we ask why this is so.

Keywords: MANAGEMENT; CAPITALISM (search for similar items in EconPapers)
JEL-codes: M13 P12 (search for similar items in EconPapers)
Date: 1996
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