Employers' economics versus employees' economy : how Adam Smith's legacy obscures public investment in the private sector / by John F.M. McDermott.
2017
HJ9-9940
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Title
Employers' economics versus employees' economy : how Adam Smith's legacy obscures public investment in the private sector / by John F.M. McDermott.
ISBN
9783319501499 (electronic book)
3319501496 (electronic book)
3319501488
9783319501482
3319501496 (electronic book)
3319501488
9783319501482
Published
Cham : Springer International Publishing : Imprint : Palgrave Macmillan, 2017.
Language
English
Description
1 online resource
Item Number
10.1007/978-3-319-50149-9 doi
Call Number
HJ9-9940
Dewey Decimal Classification
336
Summary
This book argues that economic activity in the public sphere now underwrites private corporations, and rejects rigid adherence to traditional economic theories that no longer apply. Adam Smith's widely used "merchant's model" assumes that most investment is private, when in fact research demonstrates that public investment in the workforce through education and training far outweighs the private sector, and does not account for the growing presence of consensual pricing, the diversification of modern businesses, or the increasing internal authoritarianism of globalizing companies. With de facto public support for these adaptations undermining the universally presumed economic model, private corporations are able to increase their profits while misrepresenting the investment of their own global labor forces. This book suggests an "economy of laws" solution that balances the needed degree of central investment planning with the continuation of our pluralist economy of largely autonomous firms, principally by extending the full rights of citizens into the workplace itself.
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Includes bibliographical references and index.
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Employers' economics versus employees' economy.
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Table of Contents
Chapter 1: We Invest More Than They!
Chapter 2: The Paradoxes of Market Economics
Chapter 3: Economics and Mis-Mathematics.-Chapter 4: Cornucopia, Inc.-Chapter 5: From Employees to Servants
Chapter 6: A Reformed Economic Science and Economic Reform.
Chapter 2: The Paradoxes of Market Economics
Chapter 3: Economics and Mis-Mathematics.-Chapter 4: Cornucopia, Inc.-Chapter 5: From Employees to Servants
Chapter 6: A Reformed Economic Science and Economic Reform.