It is shown that in an economy with production indivisibilities on the capital side, production may be carried out by capitalist firms only, irrespective of the fact that workers can exchange work for capital so that labour-managed production seems feasible.
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Length: 11 pages Date of creation: 1995 Date of revision: Handle: RePEc:fth:hambec:87
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Find related papers by JEL classification: J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity