Why Capital (Usually) Hires Labor: An Assessment of Proposed Explanations
Gregory Dow and
Louis Putterman ()
Discussion Papers from Department of Economics, Simon Fraser University
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)
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Persistent link: https://EconPapers.repec.org/RePEc:sfu:sfudps:dp97-03
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