Creative destruction and labor's options
New technology, the fall of Eastern European socialism, new international trade agreements, and a resurgence of classical liberalism have greatly augmented the pace of capitalism's creative destruction. The principal benefits of this process have come in the form of new, better, and less-expensive consumer goods. But this process also generates a generalized sense of insecurity that most afflicts labor. Yet, the dominant ideology that has accompanied this latest burst of creative destruction has not been terribly sympathetic to labor's plight. After analyzing the character of this most recent burst of creative destruction, this paper explores the various options available to labor within a generally hostile ideological climate. The principle focus is on how labor's most promising options may not be found primarily in restablishing constrants upon markets, but rather in gaining greater control over production in the form of greater participation in both firm decision-making and ownership.
Volume (Year): 30 (2001)
Issue (Month): 2 (January)
|Contact details of provider:|| Web page: http://www.tandfonline.com/RFSE20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RFSE20|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Michael Podgursky & Paul Swaim, 1987. "Job Displacement and Earnings Loss: Evidence from the Displaced Worker Survey," ILR Review, Cornell University, ILR School, vol. 41(1), pages 17-29, October.
- John E. Elliott, 1980. "Marx and Schumpeter on Capitalism's Creative Destruction: A Comparative Restatement," The Quarterly Journal of Economics, Oxford University Press, vol. 95(1), pages 45-68.
- David, Paul A, 1990. "The Dynamo and the Computer: An Historical Perspective on the Modern Productivity Paradox," American Economic Review, American Economic Association, vol. 80(2), pages 355-61, May.
- Dye, Ronald A, 1984. "The Trouble with Tournaments," Economic Inquiry, Western Economic Association International, vol. 22(1), pages 147-49, January.
- Hillman, Arye L, 1982. "Declining Industries and Political-Support Protectionist Motives," American Economic Review, American Economic Association, vol. 72(5), pages 1180-87, December.
- Wood Júnior, Thomaz, 1995. "Workers," RAE - Revista de Administração de Empresas, FGV-EAESP Escola de Administração de Empresas de São Paulo (Brazil), vol. 35(2), January.
- Levy, Frank & Murnane, Richard J, 1992. "U.S. Earnings Levels and Earnings Inequality: A Review of Recent Trends and Proposed Explanations," Journal of Economic Literature, American Economic Association, vol. 30(3), pages 1333-81, September.
- Dani Rodrik, 1997. "Has Globalization Gone Too Far?," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 57.
- Adrian Wood, 1995. "How Trade Hurt Unskilled Workers," Journal of Economic Perspectives, American Economic Association, vol. 9(3), pages 57-80, Summer.
- Ann P. Bartel & Frank R. Lichtenberg, 1985. "The Comparative Advantage of Educated Workers in Implementing New Technology: Some Empirical Evidence," NBER Working Papers 1718, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:taf:fosoec:v:30:y:2001:i:2:p:51-76. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.