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Why Capital (Usually) Hires Labor : An Assessment of Proposed Explanations

Author

Listed:
  • Dow, G
  • Putterman, L

Abstract

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.

Suggested Citation

  • Dow, G & Putterman, L, 1996. "Why Capital (Usually) Hires Labor : An Assessment of Proposed Explanations," Discussion Papers dp97-03, Department of Economics, Simon Fraser University.
    • Handle: RePEc:sfu:sfudps:dp97-03
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    Citations

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    Cited by:

    1. Gregory Dow, 2001. "Allocating Control over Firms: Stock Markets versus Membership Markets," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 18(2), pages 201-218, March.
    2. Gary Gorton & Frank Schmid, 2000. "Class Struggle Inside the Firm: A Study of German Codetermination," NBER Working Papers 7945, National Bureau of Economic Research, Inc.
    3. John Pencavel, 2013. "Worker cooperatives and democratic governance," Chapters, in: Anna Grandori (ed.), Handbook of Economic Organization, chapter 24, Edward Elgar Publishing.
    4. Loek Groot & Daan van der Linde, 2017. "The Labor-Managed Firm: Permanent or Start-Up Subsidies?," Journal of Economic Issues, Taylor & Francis Journals, vol. 51(4), pages 1074-1093, October.
    5. Patrick Bolton & Chenggang Xu, 1998. "Ownership and Managerial competition: Employee, Customer, or Outside Ownership," William Davidson Institute Working Papers Series 174, William Davidson Institute at the University of Michigan.
    6. Dow, Gregory K., 2000. "On the Neutrality of Asset Ownership for Work Incentives," Journal of Comparative Economics, Elsevier, vol. 28(3), pages 581-605, September.
    7. Dow, Gregory K. & Putterman, Louis, 2000. "Why capital suppliers (usually) hire workers: what we know and what we need to know," Journal of Economic Behavior & Organization, Elsevier, vol. 43(3), pages 319-336, November.

    More about this item

    Keywords

    MANAGEMENT; CAPITALISM;

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • P12 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Enterprises

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