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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. 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.
    3. 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.
    4. John Pencavel, 2013. "Worker cooperatives and democratic governance," Chapters,in: Handbook of Economic Organization, chapter 24 Edward Elgar Publishing.
    5. L.F.M. Groot & D.E. van der Linde, 2015. "The Labor Managed Firm: Permanent or Start Subsidies?," Working Papers 15-04, Utrecht School of Economics.
    6. 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.

    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 - Economic Systems - - Capitalist Systems - - - Capitalist Enterprises

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