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Mission-driven capitalism for small business owners in the U.S

Author

Listed:
  • Jim SAWYER

    (labrii, ULCO)

Abstract

The “use value” of assets in the classical paradigm allowed distinction between those held by capitalists and those held by rentiers. Most small businesses in the United States operate more akin to the model of rentiers than capitalists. Ironically, long run equilibrium in the Marshallian competitive system between total revenue and total cost describes both the small business and the nonprofit sectors. Nonprofits, of course, are mission driven, owned publically rather than privately, and governed by appointed boards of directors. It is argued that analogous to nonprofits, privately owned small businesses in the United States should become mission driven.

Suggested Citation

  • Jim SAWYER, 2009. "Mission-driven capitalism for small business owners in the U.S," Working Papers 208, Laboratoire de Recherche sur l'Industrie et l'Innovation. ULCO / Research Unit on Industry and Innovation.
    • Handle: RePEc:rii:riidoc:208
    as

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    File URL: http://riifr.univ-littoral.fr/wp-content/uploads/2009/02/doc-208.pdf
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    References listed on IDEAS

    as
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    5. James E. Sawyer, 2005. "Reframing Capitalism," Palgrave Macmillan Books, in: Blandine Laperche & Dimitri Uzunidis (ed.), John Kenneth Galbraith and the Future of Economics, chapter 7, pages 77-86, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    capitalism; small business owners;

    JEL classification:

    • P12 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Enterprises
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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