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Productive Systems and the Structuring Role of Economic and Social Theories

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  • Frank Wilkinson
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    Abstract

    The institutions of productive systems are structured by mutual interests and relative power. Securing mutually beneficial cooperation in production requires resolving distributional differences. These objectives are secured in liberal economic theory by the working of markets which mediate the power of individuals and reward individual success. The centrality of individuals and hierarchies in market theory contrasts with developments in labour management theory which identifies group activity and decentralised responsibility as productive factors and organisations as unitary. This neglects the separate interest that productive partners have and the role of institutions in resolving conflicts in productive systems to secure productive co-operation.

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    File URL: http://www.cbr.cam.ac.uk/pdf/WP225.pdf
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    Bibliographic Info

    Paper provided by ESRC Centre for Business Research in its series ESRC Centre for Business Research - Working Papers with number wp225.

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    Date of creation: Mar 2002
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    Handle: RePEc:cbr:cbrwps:wp225

    Note: PRO-2
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    Web page: http://www.cbr.cam.ac.uk/

    Related research

    Keywords: Productive systems; co-operation; liberal economics; industrial psychology; industrial sociology; collective bargaining and labour standards.;

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    1. F. Wilkinson, 2001. "The Theory and Practice of Wage Subsidisation: Some Historical Reflections," ESRC Centre for Business Research - Working Papers wp201, ESRC Centre for Business Research.
    2. Ottati, Gabi Dei, 1994. "Trust, Interlinking Transactions and Credit in the Industrial District," Cambridge Journal of Economics, Oxford University Press, vol. 18(6), pages 529-46, December.
    3. Glyn, A. & Hughes, A. & Lipietz, A. & Singh, A., 1988. "The Rise And Fall Of The Golden Age," Cambridge Working Papers in Economics 884, Faculty of Economics, University of Cambridge.
    4. Wilkinson, Frank, 1983. "Productive Systems," Cambridge Journal of Economics, Oxford University Press, vol. 7(3-4), pages 413-29, September.
    5. Ichniowski, Casey & Shaw, Kathryn & Prennushi, Giovanna, 1997. "The Effects of Human Resource Management Practices on Productivity: A Study of Steel Finishing Lines," American Economic Review, American Economic Association, vol. 87(3), pages 291-313, June.
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    Cited by:
    1. Suzanne Konzelmann & Neil Conway & Linda Trenberth & Frank Wilkinson, 2005. "Corporate governance, stake-holding and the nature of employment relations within the firm," ESRC Centre for Business Research - Working Papers wp313, ESRC Centre for Business Research.
    2. Andersen, Birgitte & Konzelmann, Sue, 2008. "In search of a useful theory of the productive potential of intellectual property rights," Research Policy, Elsevier, vol. 37(1), pages 12-28, February.

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