European University Institute Library

Markets and democracy, participation, accountability, and efficiency, edited by Samuel Bowles, Herbert Gintis, and Bo Gustafsson

Type
Label
Markets and democracy, participation, accountability, and efficiency, edited by Samuel Bowles, Herbert Gintis, and Bo Gustafsson
Language
eng
Index
index present
Literary Form
non fiction
Main title
Markets and democracy
Medium
electronic resource
Nature of contents
dictionaries
Oclc number
1171770421
Responsibility statement
edited by Samuel Bowles, Herbert Gintis, and Bo Gustafsson
Series statement
Cambridge Social Sciences eBooks
Sub title
participation, accountability, and efficiency
Summary
The market does not spontaneously generate democratic or participatory economic institutions. This book asks whether a modern, efficient economy can be rendered democratically accountable and, if so, what strategic changes might be required to regulate the market-mediated interaction of economic agents. The contributors bring contemporary microeconomic theory to bear on a range of related issues, including the relationship between democratic firms and efficiency in market economies; incentives and the relative merits of various forms of internal democratic decision-making; and the effects of democratically accountable firms on innovation, saving, investment, and on the informational and disciplinary aspects of markets. Various approaches to the study of economic interaction (game theory, transactions' cost analysis, social choice theory, rent-seeking, etc.) are considered in an attempt to understand the relationship between power and efficiency in market economies.--, Provided by publisher
Table Of Contents
Post-Walrasian political economy -- The democratic firm : an agency-theoretic evaluation / Samuel Bowles and Herbert Gintis -- Alternative employment and payment systems / D.M. Nuti -- Toward a framework for analyzing institutions and institutional change / Leonid Hurwicz -- Imperfect choice and rule-governed behavior / Ronald A. Heiner -- Organizational equilibria and institutional stability / Ugo Pagano -- Agency problems and the future of comparative systems' theory / Mieke Meurs -- After the employment relation : problems on the road to enterprise democracy / Louis Putterman(cont.) Unions versus cooperatives / Karl Ove Moene and Michael Wallerstein -- Demand variability and work organization / David I. Levine -- Democracy versus appropriability : can labor-managed firms flourish in a capitalist world? / Gregory K. Dow --Cooperation, conflict, and control in organizations / Avner Ben-Ner -- Wage bargaining and the choice of production technique in capitalist firms / Gilbert L. Skillman and Harl E. Ryder -- The motivational role of an external agent in the informationally-participatory firm / Masahiko Aoki -- Unstable ownership / Tone Ognedal -- The simple analytics of a membership market in a labor-managed economy / Ernst Fehr -- Investment planning in market socialism / Ignacio Ortuño-Ortin, John E. Roemer and Joaquim Silvestre -- Capitalism and democracy : a summing up of the arguments / Martin L. Weitzman
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Markets & Democracy
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