The General Theory of Employment, Interest, and Money
The General Theory of Employment, Interest, and Money

Author: John Maynard Keynes

Publisher: Springer

Published: 2018-07-20

Total Pages: 430

ISBN-13: 3319703447

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This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.

A Theory of Employment in Firms
A Theory of Employment in Firms

Author: Josef Falkinger

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 209

ISBN-13: 3790826499

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In a modern economy, production and competition require internal interaction of individuals in firms. The book provides a systematic treatment of the macroeconomic consequenses of this fact. For this purpose the concept of a two-stage monopolistic competition equilibrium is introduced into macroeconomic theory. Firms choose the capacity to organize internal interaction at stage 1 and compete at stage 2. The concept allows a rigorous analysis of the provision of work places and the economic determinants of the employable work force. The book explains why in the equilibrium of a market economy, even under flexible wages, no jobs may be provided for people who are employable from an efficiency point of view. The economic determinants of equilibrium employment covered by the analysis of the book are: New forms of work organization, changes in the skill structure of the labor force, market power of key factors for organization, expectations of investors and international capital movements.

Industries, Firms, and Jobs
Industries, Firms, and Jobs

Author: George Farkas

Publisher: Routledge

Published: 2017-09-08

Total Pages: 384

ISBN-13: 1351512684

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What are the links among industrial structure, segmentation, the internal structure of firms, job characteristics, technology, productivity, labor markets, and product markets? The answers, posited by a distinguished group of sociologists and economists, have gained resonance as the field of economic sociology has grown. In this expanded edition, the editors and their economist colleague, Kevin Lang, explore the theoretical interstices and update the references.Sociologists and economists have responded differently to work within the other discipline. For some sociologists, the typical economic assumption of basic actors engaged in rational action is both unrealistic and objectionable. Other sociologists have not always agreed with everything economists do, they have seen ""rational choice"" as a partially true description of human behavior and as a starting point for sociological theorizing. Among economists, the situation is quite different: most have maintained their basic rational choice model while pushing aggressively into substantive areas previously addressed only by sociologists and political scientists.Industries, Firms, and Jobs is a welcome reassertion of an old tradition of interdisciplinary research. That tradition has recently weakened, largely because of an enormous expansion of the domain of neoclassical economics. The expansion has fed on two scientific developments: human capital theory and contract theory. This book is an invaluable resource for all economists, sociologists, labor specialists, and business professionals.

The Theory of the Firm
The Theory of the Firm

Author: Paul Walker

Publisher: Taylor & Francis

Published: 2016-09-13

Total Pages: 223

ISBN-13: 1317277031

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Firms are a ubiquitous feature of the economic landscape, with much of the activity undertaken within an economy taking place within their boundaries. Given the size of the contribution made by firms to economic activity, employment and growth, having a theoretical understanding of the nature and structure of firms is crucial for understanding how an economy functions. The Theory of the Firm firstly offers a brief overview of the past, consisting of a concise discussion of the classical view of production, followed by an outline of the development of the neoclassical - or ‘textbook’ - approach to firm level production. Secondly, the ‘present’ of the theory of the firm is discussed in three sections. The first section considers the post-1970 theory of the firm literature per se, while the second section scrutinises the relationship between the three most prominent of the modern sets of theories: the reference point, property rights and transaction cost approaches. The third section looks at the theory of privatisation. The unique aspects of this book includes its discussions of the post-1970 contributions to the theory of the firm; the integration of the theory of the entrepreneur with the theory of the firm; and the theory of privatisation. This volume offers an intuitive introduction to the theories of the firm as well as simple formal models of the most important contributions to the literature. It also outlines the historical evolution of the traditional and modern theories of the firm. This book is of great interest to those who study history of economic thought, industrial economics and organizational studies.

The Labor-Managed Firm
The Labor-Managed Firm

Author: Gregory K. Dow

Publisher: Cambridge University Press

Published: 2018-04-05

Total Pages: 431

ISBN-13: 1107132975

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This book uses economic theory to argue that worker-controlled firms are rare due to market failures rather than inherent organizational defects. The book will be of interest to scholarly researchers, graduate students, and advanced undergraduates in economics, especially in industrial organization, labor economics, comparative economics, organizational economics, and finance.

A Theory of Employment Systems
A Theory of Employment Systems

Author: David Marsden

Publisher: OUP Oxford

Published: 1999-09-16

Total Pages: 318

ISBN-13: 019152221X

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A Theory of Employment Systems considers why there are such great international differences in the way employment relations are organized within the firm. Taking account of the growing evidence that international diversity persists despite 'globalization', it sets out from the theory of the firm first developed by Coase and Simon, and explains why firms and workers should use the employment relationship as the basis for their economic cooperation. The originality of the employment relationship lies in its flexibility. It gives managers the authority to organize work, but it also establishes limits on employees' obligations. The nature of these limits is fundamental to our understanding of the employment relationship and its international diversity. The author argues that they are provided by four basic types of employment rule. Which one predominates in a given environment is the source of international diversity in employment relations. Drawing upon evidence from the US, Japan, France, Germany, and Britain, the theory is developed to show why such diversity extends deep into key areas of human resource management, such as performance management, incentive pay, and skill development. It also explains why the open-ended employment relationship continues to dominate work despite the growth of market-mediated work relations.

A Theory of Employment Systems
A Theory of Employment Systems

Author: David Marsden

Publisher: Oxford University Press

Published: 1999

Total Pages: 315

ISBN-13: 0198294239

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"The nature of these limits is fundamental to our understanding of the employment relationship and its international diversity."--Jacket.

Industries, Firms, and Jobs
Industries, Firms, and Jobs

Author: George Farkas

Publisher: Routledge

Published: 2017-09-08

Total Pages: 614

ISBN-13: 1351512676

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What are the links among industrial structure, segmentation, the internal structure of firms, job characteristics, technology, productivity, labor markets, and product markets? The answers, posited by a distinguished group of sociologists and economists, have gained resonance as the field of economic sociology has grown. In this expanded edition, the editors and their economist colleague, Kevin Lang, explore the theoretical interstices and update the references.Sociologists and economists have responded differently to work within the other discipline. For some sociologists, the typical economic assumption of basic actors engaged in rational action is both unrealistic and objectionable. Other sociologists have not always agreed with everything economists do, they have seen ""rational choice"" as a partially true description of human behavior and as a starting point for sociological theorizing. Among economists, the situation is quite different: most have maintained their basic rational choice model while pushing aggressively into substantive areas previously addressed only by sociologists and political scientists.Industries, Firms, and Jobs is a welcome reassertion of an old tradition of interdisciplinary research. That tradition has recently weakened, largely because of an enormous expansion of the domain of neoclassical economics. The expansion has fed on two scientific developments: human capital theory and contract theory. This book is an invaluable resource for all economists, sociologists, labor specialists, and business professionals.